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Crypto & Digital Assets

XRP’s 44% rally brings leverage back, raising risk of sharper pullback

CryptoQuant data show XRP’s estimated leverage ratio on Binance at its highest since January, with long accounts outnumbering shorts as futures volume runs more than five times spot trading.

XRP’s 44% rally brings leverage back, raising risk of sharper pullback
XRP’s 44% rally brings leverage back, raising risk of sharper pullback · Photo: Unsplash

CryptoQuant data show XRP’s estimated leverage ratio on Binance at its highest since January, with long accounts outnumbering shorts as futures volume runs more than five times spot trading.

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This article references CoinDesk. Open original source.