According to EnsoTrade order-flow data, XRP is in a deleveraging regime — long deleveraging — positions are unwinding as price falls, not new short conviction; recent taker flow favors sellers.
| Order-flow regime | DELEVERAGING |
|---|---|
| Mechanism | long deleveraging — positions are unwinding as price falls, not new short conviction |
| Open interest | $103.92M |
| OI change (6h) | -0.53% |
| Taker imbalance | -15.2% (sellers aggressing) |
Order flow shows which side of the XRP book is being absorbed before price moves. Combine the regime with funding and why XRP is moving to tell a real move from a trap.
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