XRP Leverage Hits 7-Month High as Spot Buying Diverges
XRP (XRP)
CoinGape.com reports that XRP’s leverage ratio on Binance climbed to a seven-month high of 0.213 following a 44% weekly rally. This surge in derivatives exposure coincided with Binance increasing maximum leverage on XRP from 5x to 10x on August 21. Open interest reached approximately $3.45 billion, with long positions crowding the market at a ratio of two to one. The move marks the first meaningful re-risking of the year after a period of subdued leverage ratios between 0.13 and 0.19. Futures volume surged to $6.4 billion in 24 hours, significantly outpacing spot trading activity. Institutional demand remains supportive, with Goldman Sachs and Bank of America increasing their XRP ETF holdings. While fundamental catalysts like the RLUSD stablecoin and Korea payments push exist, the crowded longs create potential for a squeeze if price slips.
What Whalio's data showed
Binance spot order flow for XRP, measured when this story was published on 26 August 2026.
Whalio data shows a 24-hour buy ratio of 49.7% with a negative volume delta of -$2,173,359, indicating net selling pressure over the full day. In contrast, the 1-hour buy ratio is elevated at 60.1% with a positive volume delta of +$1,983,348, suggesting a recent shift toward buying. The 4-hour metrics show a neutral stance with a 53.2% buy ratio and a positive delta of +$2,068,950. This divergence implies that while short-term buying is active, the daily trend remains slightly bearish as spot volume fails to sustain the leverage-driven rally. The CVD of +$3,942,858 indicates cumulative buying has outpaced selling over the close, yet the negative 24-hour delta warns of fading momentum. Traders should watch if the 1-hour buying pressure can overcome the daily net outflow to support the $1.43 price level.