What to know:
- XRP is trading at $1.08, down 0.19%, with $1.21 billion daily volume and $67.69 billion market capitalization.
- Binance’s Estimated Leverage Ratio neared 0.15, reflecting reduced speculative futures activity after XRP’s 70% correction.
- XRP previously surged by over 790% after Binance’s leverage ratio dropped near 0.05 during the 2024 deleveraging phase.
XRP price remained under pressure as futures market leverage continued to decline, a trend some analysts believe resembles conditions seen before the token’s major rally in 2024.Â
Currently, XRP has a price of $1.08, down 0.19% over the past 24 hours. XRP has registered a daily trading volume of $1.21 billion with a market cap of $67.69 billion, which means that it has a 3.09% of the total cryptocurrency market.
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XRP Price Shows Similar Deleveraging Pattern to 2024
The Crypto market analyst Crypto Patel noted that there has been a shift in the current structure of the XRP market that mirrors the conditions before the token had a strong rally in 2024.
Patel said Binance’s Estimated Leverage Ratio (ELR) has gone down to its lowest levels since 2024, showing that leveraged futures bets are being unwound in the market. The analyst says open interest has gone down, and that indicates that speculative bets have been reduced after the recent XRP price correction.
The present level is almost similar to 0.15 that was recorded in April 2026 after XRP had corrected by nearly 70%. In that period, many leveraged futures bets were unwound, and the open interest as well as the leverage ratios in the market were reduced.
The comparison has drawn attention because the XRP price experienced a similar deleveraging phase in 2024. At that time, the token was trading at $0.40 while the Binance leverage ratio reached about 0.05.
Later, the XRP price rose by more than 790% after the end of the period as the leveraged activities started to return. However, Patel noted that history tends not to repeat identically, but still, there are cases when a significant price movement occurred after the removal of excessive leverage.
XRP Price Still Faces Technical Resistance
Despite the improvement in leverage metrics, XRP’s technical structure remains weak. Price action continues to form lower highs and lower lows, indicating that the broader downward trend is still intact.
Technical analysts identify the $1.19 to $1.42 region as an important resistance zone. A move into that range could develop if the wider cryptocurrency market strengthens and buying activity increases. Even so, XRP would need to break above that area to signal a meaningful shift in trend.
On the downside, analysts continue to monitor the $0.74 support level. If selling pressure returns and the broader digital asset market weakens, XRP could revisit that area before establishing a stronger recovery.
Why the Deleveraging Phase Matters
Leverage plays a significant role in cryptocurrency futures markets because heavily borrowed positions can amplify both gains and losses. Thus, if leverage is too high, even minor price moves can cause massive liquidations and increase volatility.
The removal of most positions with leverage during the deleveraging phase makes the market structure healthier. It helps to identify for long-term traders and investors whether the market price movement is really driven by demand or borrowed capital.
Even though some analysts see the resemblance between the current situation and the bull run of 2024, they note that historical precedents do not always allow predicting further price changes. The macroeconomics, general crypto market direction, and demand will determine the next price movement of XRP.
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This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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