#BinanceAlphaAlert #XRPETFs $BTC $ETH

In a sudden and unexpected drop, the price of the XRP coin fell to $2.15 on April 30, causing the liquidation of long positions worth $13.9 million within hours, compared to only $1.49 million in short positions, indicating a clear bias towards buying.

Although the price later rebounded to $2.20, analysts warned of the possibility of a repeat liquidation if the price does not maintain this critical support. This decline comes despite the positive momentum surrounding Ripple, following the U.S. Securities and Exchange Commission's suspension of its appeal against the company, and the launch of the stablecoin RLUSD, amid expectations of a near approval for spot trading funds for XRP.