XRP is running a $2.4B debt trap that could wipe out spot buyers the second the Fed speaks

XRP trades near $1.06, down 2.9% over 24 hours and 8.6% over the past week, as CoinGlass shows $2.43 billion in XRP open interest, $2.47 billion in 24-hour futures volume, and just $361 million in spot volume. Futures turnover is running roughly 6.85 times spot turnover, and forced liquidations have already erased $9.51 million in […] The post XRP is running a $2.4B debt trap that could wipe out spot buyers the second the Fed speaks appeared first on CryptoSlate.