Binance XRP Traders Take on Record Leverage Amid Volatility Concerns

XRP's estimated leverage ratio on Binance has hit its highest level since October 2025, according to CryptoQuant data. The metric measures the degree to which traders are using borrowed funds relative to exchange reserves, offering a window into speculative appetite in the derivatives market.

The surge in leverage comes as XRP has pulled back roughly 3% over the past 24 hours to trade near $1.46. Over that same period, approximately $18.9 million worth of XRP positions were liquidated across exchanges, with long positions accounting for about $15 million of the total.

The imbalance underscores the hazards of crowded bullish positioning when prices turn volatile. Binance's long/short ratio stands near 2.41, indicating strong bullish sentiment.