XRP slides to $1.2 amid HYPE U.S. futures application

XRP is trading at approximately $1.2 after more than $12 million in long positions were liquidated, according to a November 5 market snapshot. The asset has moved further into a longer-term downtrend, with technical indicators suggesting a potential local bounce toward $1.25 before further weakness. The XRP Ledger activated the fixCleanup3_4_0 amendment on November 4 at 14:52 UTC. This update removed an exploit that, under specific conditions, allowed accounts authorized to burn an issuer’s tokens to also mint them. The native supply of XRP was not affected by the exploit, and illicit actors have not used it.

Source: The Currency Analytics