XRP leverage collapses 78%, but $1.4B in ETF money still won’t leave because of Ripple’s expanding footprint

XRP’s price performance is stripping out fast-money participation while leaving behind a more durable class of holders. According to CryptoSlate’s data, XRP is trading at $1.37 as of press time, down 55% within the last six months. This comes as data from CoinGlass shows XRP’s open interest has fallen to about $2.40 billion from a July peak of $10.94 billion, a drop of roughly 78% that leaves positioning at its lowes…