XRP Leverage Collapse Signals Potential Shift Towards Stability

A recent analysis by crypto analyst Steph Is Crypto revealed that the estimated leverage ratio (ELR) on Binance for XRP has dropped to around 0.16. This significant reduction in leverage indicates a potential shift towards a more stable trading environment.

The data suggests widespread liquidations of speculative traders, which may lead to a period of consolidation and recalibration. This could potentially pave the way for more sustainable growth in the XRP market.