XRP Leads Crypto Pullback as Leverage Unwind Tests Rally

The pullback centered on XRP highlights how leverage-driven moves can reverse sharply when positions are unwound, making the rally's durability the key question. For market participants, the focus shifts to whether support levels hold and whether deleveraging spreads to other assets. This episode underscores the fragility of momentum in a market where speculative positioning, rather than fundamental flows, often dictates short-term direction.