XRP Traders Pile on Leverage as Token Hovers Near $1.20

XRP traders are taking on more leverage as the token hovers near $1.20. Binance's estimated leverage ratio for XRP has climbed to its highest level since the start of 2026, reaching about 0.1899 according to CryptoQuant. This surge in leverage coincides with a brief recovery towards $1.24 before prices eased back.

The move suggests traders are placing increasingly larger bets on a short-term uptrend. However, this also leaves the market exposed to sharp liquidation cascades in either direction. XRP leverage had recently hit a yearly low, a significant reset from its 2025 extremes.

While derivatives activity is outpacing spot demand, social buzz around XRP has spiked sharply at the end of May and into early June according to Santiment. Active addresses have remained steady over the past two months, however, sitting near 28,300 at the latest reading.