XRP price is hovering near $1.30 as leverage on Binance hits cycle lows, putting focus on a potential breakout.
Summary
- XRP is trading near the lower end of its recent range with leverage at cycle lows.
- Derivatives positioning has cooled, reducing liquidation risk.
- A breakout above $1.50 or breakdown below $1.30 could decide the next move.
XRP was trading at $1.33 at press time, down 1.2% over the past 24 hours. The token is hovering at the bottom of its 7-day range between $1.33 and $1.49.
XRP is in the red across all major timeframes, down 10% over the past week, 30% in the last month, and nearly 50% over the past year. It has now retraced about 63% from its July 2025 all-time high of $3.65.
Spot activity has picked up despite the weak price action. XRP (XRP) recorded $3.13 billion in 24-hour trading volume, up 40.4% from the previous day.
Derivatives data from CoinGlass shows futures volume up 38.3% to $5.37 billion, while open interest slipped 3.7% to $2.29 billion, suggesting leverage is being reduced even as trading activity rises.
Binance leverage resets as speculative excess fades
A Feb. 23 report by CryptoQuant contributor PelinayPA shows XRP’s Estimated Leverage Ratio has dropped sharply to about 0.16, with both the 30-day and 50-day moving averages trending down.
This decline means that speculative positioning has cooled off. Forced liquidations have largely run their course, and neither longs nor shorts appear crowded. The derivatives market looks balanced rather than stretched.
The focus on Binance is significant. Binance is the main hub for XRP derivatives. Leverage shifts there often reflect global risk appetite. A sharp drop usually means risky positions have been cleared across the market.
Interestingly, price has continued drifting lower while leverage falls. That combination can be constructive. High leverage increases the risk of cascading liquidations. A low-leverage environment, by contrast, reduces forced selling pressure and creates cleaner conditions for larger players to build positions.
For now, XRP appears stuck in what is commonly called a “dead zone,” a phase marked by sideways-to-down movement, contracting volatility, and fading leverage.
XRP price technical analysis
On the daily chart, XRP is forming lower highs and lower lows, but downward momentum has eased. Immediate support is around $1.30, a level that has held several times.
On the upside, $1.41 acts as the first resistance. A more critical barrier lies between $1.50 and $1.53, where the 30-day and 50-day moving averages cluster. Trading below both, which are sloping down, keeps the medium-term bias bearish.
The relative strength index is near oversold, hovering around 35, and the MACD is still bearish, despite the shrinking histogram suggesting that selling pressure is cooling. Low volatility is indicated by tightening Bollinger bands, a condition which often precedes sharp moves.
A move above $1.50–$1.53 with rising volume could shift momentum and open the door toward $1.60, potentially triggering a fresh build-up in leverage. Failure to reclaim resistance, followed by a daily close below $1.30, may lead to a slide toward $1.20.
