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Binance Traders Retreat as XRP Faces Mounting Bearish Pressure

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08-03

XRP's market outlook has taken a bearish turn as key metrics indicate declining trader confidence. The token's Estimated Leverage Ratio on Binance has dropped to 0.36, marking its lowest weekly close in a month. This metric, which compares open interest to exchange reserves, reflects a reduction in high-risk positions as investors grow cautious. Spot markets further underscore this trend, with over $22 million in activity signaling a retreat from speculative trading. As of August 3, 2025, the combination of shrinking leverage and subdued spot demand paints a challenging picture for XRP in the NEAR term.

XRP Faces Mounting Bearish Pressure as Traders Retreat

XRP's outlook darkens as market sentiment sours, with two key metrics signaling potential downside. The token's Estimated Leverage Ratio on Binance has slumped to 0.36—its lowest weekly close in a month—reflecting dwindling trader confidence. Leverage ratios measure risk appetite by comparing open interest to exchange reserves; this decline suggests investors are shunning high-risk positions.

Spot markets echo this caution. Over $222 million has fled XRP since July 29, according to Coinglass data, revealing persistent selling pressure without commensurate buying interest. When netflows turn negative, it typically foreshadows prolonged downtrends as profit-taking overwhelms market support.

BNB Leads as SHIB, SOL, XRP, and LILPEPE Show Bullish Potential

Binance Coin (BNB) continues its upward trajectory, setting the stage for four other cryptocurrencies to potentially reach new highs. shiba inu (SHIB), Solana (SOL), Ripple (XRP), and the emerging presale project Little Pepe ($LILPEPE) are gaining attention for their strong performance and growth prospects ahead of Q4.

Shiba Inu has surged 26% in the past month, climbing from $0.00001133 to $0.000016 before settling at $0.00001435. With a market cap of $8.46 billion and daily volume of $192.5 million, analysts predict SHIB could triple in value, driven by ecosystem expansion and renewed investor interest in meme coins.

Solana, trading at $194, eyes its 2021 peak of $294 as institutional inflows accelerate. The network's robust DeFi and NFT ecosystem, supported by over 1,000 projects, underscores its role as a critical infrastructure layer. Its unique Proof of History consensus further solidifies its technical edge.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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