XRP leverage decreases after bi-directional clearing, MACD golden cross signals a potential upward breakout?

【CryptoWorld】XRP experienced a rare two-way liquidation storm in Binance futures market, with nearly ten million dollars worth of leveraged positions being wiped out. After this round of clearing, on-chain leverage ratios have significantly decreased, and short-term risk has eased. Currently, XRP’s price stabilizes around $2.10, in a range-bound consolidation.

In terms of capital flow, although there has been a recent outflow of $40.8 million, it has not changed the overall trend of institutional participation—since the launch of the spot XRP ETF, nearly $1.49 billion has been accumulated, fully indicating increasing recognition from traditional financial institutions. Whale trading activity still exists, but it has cooled down significantly compared to the peak in December.

Even more interesting are the signals from technical analysis. The 5-day MACD indicator has shown a golden cross pattern, and interestingly, this signal last appeared just before the July rally. This naturally raises the question: will history repeat itself, and can XRP once again surge to its all-time high of $3.68? For now, this remains a question worth ongoing observation.