XRP is Trading in a quiet range The stock is trading between $1.38 and $1.40, but new derivatives data suggests the calm may be masking more volatile conditions beneath the surface.
Pelinay's CryptoQuant analysis shows that while XRP's leverage structure is low and it is moving sideways, its price fluctuations are relatively higher than its leverage, which is creating a divergence that history shows will resolve. Powerful and explosive movements.
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XRP remains strong despite sharp decline in leverage ratio
CryptoQuant chart shared by Pelinay focus on Binance’s estimated leverage ratio for XRP. The most important signal the chart shows is not just that leverage is low, but that the price of XRP has not collapsed along with it.
This chart shows that leverage was much higher in earlier stages, especially around the large price expansion in late 2024 and the push to all-time highs in mid-2025. However, the current leverage ratio has declined to near the lower end of that range and remains flat.
of Leverage is now back Numbers for late 2024. In particular, Binance's estimated leverage ratio is currently around 0.1. However, XRP price remains close to $1.4, well above its pre-breakout price level in late 2024. Back in October 2024, a leverage ratio of 0.1 was equivalent to an XRP price of just $0.50.
Estimated leverage ratio for XRP on Binance. Source: CryptoQuant
Will there be a squeeze on XRP?
What this essentially means is that the XRP price is I can no longer be pushed Mainly by aggressive borrowing positioning. This may be important because it suggests that much of the excess speculation has already been washed away.
However, this type of difference rarely remains unresolved for long. Markets typically handle this in one of two ways. price May fall until matched As the leverage environment declines, leverage may begin to rise again, triggering a stronger price reaction.
The second result is A more bullish scenario. In that case, XRP wouldn't need an already overheated derivatives market to get going. A similar move occurred between late June and mid-July 2025, with the leverage ratio increasing from less than 0.3 to just under 0.6 in four weeks, and XRP soaring from $1.96 to $3.65 in the same period.
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Crypto Analyst Egrag Crypto I arrived at something similar We use monthly candlestick timeframe charts to draw our conclusions through a completely different framework. Both analyzes point to the same idea. So, while XRP may seem quiet, its structure is brewing for a violent move.
XRP price chart. Source: @egragcrypto
The chart shows that XRP is compressed between the long-term rising macro lines, with the price currently located near the bottom of the wedge structure. EGRAG marked the $0.90 region as a possible trap zone while also indicating a bullish path that could take XRP back above $1.80.
Featured image from Unsplash, chart from TradingView
