XRP Leverage on Binance Plunges to Lowest Level Since Early 2024

TLDR: Binance’s estimated leverage ratio for XRP has dropped to 0.169, marking the lowest point since early 2024. The decline indicates traders are moving away from high-risk positions, reducing liquidation probability. XRP has completed 393 days of sideways accumulation, matching the duration before its 2017 breakout pattern. Price stability near $1.86 coincides with reduced leverage, [...]

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