XRP Price Dips as Leverage Hits Seven-Month High

XRP's price fell 5% over the past 24 hours to around $1.44, despite remaining 43.7% higher for the week.

This comes as the token's estimated leverage ratio on Binance hit a seven-month high of 0.21, according to CryptoQuant data.

The increased leverage ratio raises concerns about liquidation risk, as heavily concentrated long exposure can amplify losses if XRP breaks below nearby support and exchanges begin closing undercollateralized positions.