XRP Leverage Test as $52M Long Draws Attention
XRP (XRP)
Editor:
Eugene Serbin
DailyCoin reports that XRP’s recent surge has encountered rising leverage risks as the asset backtests support between $1.35 and $1.40. After climbing roughly 44% to 51% over the past week, the token retreated about 5% toward $1.44 while derivatives positioning hit a seven-month high. Traders are closely watching a reported long position worth over $52 million, opened with 10x leverage.
This trade highlights how quickly conviction can amplify volatility in a fast-moving market. At 10x leverage, the position likely required about $5.2 million in margin, though liquidation levels vary by venue. A modest move in the wrong direction could put this exposure under pressure.
The position might be part of a complex strategy involving spot XRP or options, rather than just a directional bet. Large leveraged positions can accelerate declines if crowded longs are forced out. Technical observers note a possible bullish pennant on the four-hour chart that could precede further gains. For this scenario to gain credibility, XRP needs to clear resistance around $1.56.
How the market reacted
Whalio's own Binance spot order flow for XRP, measured when this story was written up on 26 August 2026. Not the outlet's figures.
Whalio spot data shows XRP trading at $1.42, with a 1-hour buy ratio of 51.1% and a 4-hour ratio of 48.4%. The 24-hour buy ratio stands at 51.9%, indicating that buying pressure has remained relatively stable over the longer term despite short-term fluctuations. Volume delta data reveals a positive $462,673 in the last hour, suggesting immediate buying interest, while the 4-hour delta is negative at -$553,241. Over 24 hours, the volume delta is strongly positive at +$8,976,592, showing net buying over the day. The CVD closed at +$134,926, confirming that buyers have been in control for most of the period. This flow indicates that while short-term momentum may be mixed, the daily trend remains firmly bullish.
The latest daily buy ratio of 50.6% sits at the 83rd percentile of the last 322 days, against a median of 48.5% - stronger buying than most days.
Twenty-four hours later
What XRP did over the 24 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for XRP, averaged over the days leading up to the story.
Over the preceding week, XRP saw a 28.7% price increase, yet the 7-day average buy ratio was only 48.9%. The latest day’s buy ratio of 51.9% is 3.0 points higher than the weekly average, signaling a shift toward stronger buying. However, spot volume for the day was just 0.51x the weekly average, indicating lower participation despite the price rise. The 8-day volume delta was negative -$61,148,055, contrasting with the current day’s positive delta. This suggests that while today’s buying is stronger than usual, the broader weekly trend has been characterized by net outflows.