Crypto
XRP Leverage Ratio Hits 7-Month High Amid 44% Price Surge
XRP has seen a significant surge in trading activity on Binance, pushing its leverage ratio to a 7-month high of 0.213.
This marks a 44% increase for XRP, with over $3.4 billion in open interest (OI) crowding long positions.
The increased leverage ratio suggests that investors are becoming increasingly bullish on the asset, but it also raises concerns about market volatility and potential losses for those who have taken on excessive risk.