August 24, 12:15
XRP posts 37% Bitstamp wick as major venues show smaller moves
XRP crashes 37% in one Bitstamp wick while the wider market tells a different story
CryptoSlate

XRP recorded a 37.15% high-to-low move on Bitstamp on Aug. 22. Bitstamp's XRP/USD pair rose to $1.69739 at 05:03 UTC before falling to $1.06689 in the 05:10 candle. The candle closed at $1.44837. Kraken's XRP/USD ticker showed a rolling 24-hour low of $1.3359. OKX's XRP/USDT ticker showed a rolling 24-hour low of $1.3757. CryptoSlate's market data showed major spot prices near $1.49 to $1.50 by about 01:50 UTC on Aug. 23. CoinGlass data cited at 05:32 UTC showed $523 million in crypto liquidations over one hour. The data included $448 million of long positions and $74.76 million of short positions. CoinGlass showed $3.66 billion in XRP open interest at 01:50 UTC on Aug. 23. XRP futures volume reached $18.08 billion over 24 hours. XRP spot volume reached $5.10 billion over the same period. The size of any leverage reset could not be measured without matching readings from before, during, and after the move.
This content is an AI-generated summary/analysis for informational purposes only and does not constitute investment advice.