XRP Leverage Ratio Hits Seven-Month High Amid 44% Weekly Rally

The XRP leverage ratio on Binance has surged to its highest point since January, reaching 0.213. This comes after XRP experienced a 44% weekly rally, drawing in a fresh wave of leveraged long bets into its derivatives market.

Leverage readings have been rising steadily throughout 2026, with the metric comparing derivatives open interest against XRP reserves held on the exchange.

The spike did not arrive quietly. Futures volume hit roughly $6.4 billion in 24 hours, more than five times the roughly $1.2 billion traded on spot markets. Open interest stood near $3.45 billion.

A higher reading means more borrowed exposure is building relative to actual coins sitting on Binance. The analyst Arab Chain noted that if the XRP leverage ratio continues rising alongside price and open interest, it signals fresh capital entering a trend, potentially pointing toward a $1.50 reclaim and potentially $1.67, $1.70.