XRP's 44% Rally Drives Leverage to January Highs, Flagging Pullback Risk

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XRP has surged 44% recently, drawing heightened speculative activity in derivatives markets. According to CryptoQuant data, XRP's estimated leverage ratio on Binance has climbed to its highest level since January. Long positions are currently outnumbering short positions, signaling strong bullish sentiment among traders. Futures trading volume is running at more than five times the level of spot trading, indicating elevated risk appetite. Analysts warn that such elevated leverage increases the potential for a sharper price correction if sentiment shifts.

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