CryptoQuant Analyst: Binance XRP Estimated Leverage Ratio Falls to Three-Month Low

According to TechFlow, on November 11, CryptoQuant analyst Arab Chain disclosed that Binance's estimated XRP leverage ratio had fallen to about 0.14, the lowest level in three months, when XRP was priced at about $1.09.

Arab Chain said the metric reflects leverage usage relative to the platform's available reserves. The decline may be related to traders closing existing positions or reducing their willingness to use leverage amid price pressure.

Source: TechFlow