XRP Leverage on Binance Falls 26% in Under a Month as Traders Lean Long
- —Binance XRP leverage ratio fell 26.2%, from 0.229 to 0.169
- —Binance XRP open interest dropped from $538.1 million to $453 million
- —OKX open interest fell 32% to $102.6 million; long/short ratio rose from 1.97 to 4.05
- —XRP trades near $1.35, up 4.5% in 24 hours on $1.68 billion volume
Why it matters: Lower leverage cuts cascade-liquidation risk, but crowded longs on OKX leave XRP exposed to a sharp drop.
Source: 99Bitcoins