$XRP Leverage Ratio Reaches Historical Lows Amid Market Uncertainty

The current state of $XRP's leverage ratio has raised concerns among analysts and investors alike. According to recent data from CryptoQuant, the estimated leverage ratio on Binance is approximately 0.152, which is lower than usual.

This low leverage ratio often precedes a sharp directional move in the market. If buying pressure accelerates, $XRP could see an outsized move as capital returns and the market becomes comfortable with leverage once again.

However, this is not the only factor at play. The token has been underperforming the wider crypto market, which was primarily lifted by strength in Bitcoin (BTC). As a result, $XRP's price action appears largely beta-driven rather than independent demand.