Binance XRP leverage ratio reaches highest level in more than 7 months

XRP Leverage Hits Seven-Month High as Rally Cools

XRPs sharp rally has drawn leveraged traders back into the derivatives market, increasing the risk of heightened volatility as the cryptocurrency begins to retreat from recent gains. XRP surged about 44% over the past week, outperforming many major cryptocurrencies. According to CryptoQuant data, the estimated XRP leverage ratio on Binance has climbed to roughly 0.21, its highest level since January. The metric compares derivatives open interest…

XRP Leverage Hits Multi-Month High on World's Biggest Exchange

XRP is facing heightened volatility risks as leverage on Binance surges to its highest level in more than seven months.

CoinStats - XRP Price Could Be Entering a Much Bigger Mom...

Ripple’s XRP price has pumped 47% in the past seven days to around $1.46, but the token is down 3.4% today as traders lock in profits and leveraged positions unwind.  The move comes as Binance’s XRP Estimated Leverage Ratio (ELR) reached about 0.213 on August 24, its highest level since January.  The ratio had spent

Binance XRP leverage ratio reaches highest level in more than 7 months

Increased leverage on Binance for XRP could lead to heightened market volatility, posing risks of rapid liquidation if price trends reverse. The post Binance XRP leverage ratio reaches highest level in more than 7 months appeared first on Crypto Briefing .