Calm Before A Major Move: XRP Leverage Flush Points To Possible Squeeze

XRP is trading in a quiet range between $1.38 and $1.40, but new derivatives data indicates the calm may be masking a more unstable setup beneath the surface.  A CryptoQuant analysis by Pelinay shows that XRP’s leverage structure is low and moving sideways, while its price action has been relatively higher than the leverage, and this has created a divergence that history has shown to resolve through a forceful explosive move. Related Reading: Bitcoin’s Path To $100K May Happen Before Anyone Understands Why: Analyst XRP Holds Strong Despite Sharp Decline In Leverage Ratio The CryptoQuant chart shared by Pelinay focuses on Binance’s estimated leverage ratio for XRP. The most important signal that the chart is showing is not simply that leverage is low, but that XRP’s p...