XRP Traders Scale Back Leverage Amid Uncertainty

XRP's price is gaining momentum as it approaches key resistance levels, but investors are taking a cautious approach by scaling back high-risk positions on Binance.

The Estimated Leverage Ratio has dropped to 0.15, indicating a reduction in exposure to high-risk positions. This development suggests that traders are closing contracts or reducing their leverage in the face of uncertainty across the broader crypto market.

According to market expert Xaif Crypto, this setup may lead to an explosive move in the near term, as there is less fuel being burned and a greater potential for major price moves.