XRP is Trading in a quiet range between $1.38 and $1.40, but new derivatives data suggests the calm may be hiding an unstable setup beneath the surface.
CryptoQuant analysis by Pelinay shows that the leverage structure of XRP is low and moving sideways, while the price action has been relatively higher in leverage. This has created a divergence that history has shown can be resolved by Powerful explosive movement.
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XRP maintains its strength despite a sharp decline in its leverage ratio
CryptoQuant chart shared by Pelinay Focuses 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 XRP price did not collapse alongside it.
The chart shows that leverage was much higher during the previous phases, especially around the significant price expansion in late 2024 and the push to all-time price highs in mid-2025. However, the current leverage ratio has fallen near the lower end of its range and is moving sideways.
the Leverage has now returned to Late 2024 figures in particular, the estimated leverage ratio on Binance is now around 0.1. However, the price of XRP is still close to $1.4, which is well above the price levels seen before its breakout in late 2024. Back in October 2024, a leverage ratio of 0.1 corresponded to an XRP price of just $0.50.
XRP estimated leverage ratio on Binance. Source: Cryptoquant
Is there pressure coming for XRP?
What this means in essence is that the price of XRP is It is no longer paid Mainly through aggressive borrowing sites. This may be important because it indicates that much of the excess speculation has already been eliminated.
However, this kind of disagreement rarely remains unresolved for long. The market usually deals with it in one of two ways. price Can fall for the match Low leverage environment, or leverage could start to rise again and fuel a stronger price reaction.
The second result is The most bullish scenario. In this case, XRP would not need an already overheated derivatives market to start its move. A similar move occurred between late June and mid-July 2025, when the leverage ratio rose from just under 0.3 to just under 0.6 in four weeks, and during the same period XRP rose from $1.96 to $3.65.
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Egrag Crypto Cryptocurrency Analyst I arrived at similar Conclusion through a completely different framework using the monthly candlestick time frame chart. Both analyzes point to the same idea: XRP may appear calm, but its structure is poised for a violent move.
XRP price chart. Source: @egragcrypto
The chart shows XRP compressed between long-term bullish macro lines, with the price now located around the bottom of the wedge structure. EGRAG has identified the $0.90 area as a potential trap zone, while also showing an upward trajectory that could take XRP back above $1.80.
Featured image from Unsplash, chart from TradingView
