3 Data Signals Show XRP Demand Collapse in December
XRP is under renewed downward pressure, with derivatives activity and on-chain positioning weakening in December. Futures taker buy volume on Binance has dropped nearly 96% from July highs, and sellers have continued to dominate the derivatives market. Leverage ratios on Binance are at cycle lows, indicating traders have reduced or closed leveraged positions amid prolonged price declines from above $3.00 to around $2.00. Profit-taking remains high, as shown by a major long-term holder realizing significant profits and order book data reflecting broad net selling across wallet sizes. Overall, demand is subdued, leverage is minimal, and liquidity remains low, suggesting ongoing market consolidation or potential for further downside unless buying interest and liquidity improve.
