CryptoQuant Analyst: XRP Estimated Leverage on Binance Drops to Three-Month Low

on November 11, CryptoQuant analyst Arab Chain disclosed that Binance's estimated XRP leverage ratio had dropped to approximately 0.14, a three-month low, at which time XRP was trading around $1.09.

Arab Chain stated that this metric reflects the level of leverage usage relative to the platform's available reserves. The decline may be related to traders closing existing positions or a decreased willingness to use leverage during periods of price pressure.