XRP Leverage Hits Cycle Low as Squeeze Rally Builds



 XRP has been unusually quiet. The price is sitting around $1.30, leverage has been drained from the market, and most commentary is focused on resistance levels and ETF timelines. But a different signal is getting attention from on-chain researchers, and it has nothing to do with chart patterns.

CryptoQuant, one of the most widely cited on-chain data platforms in crypto, published an analysis this week flagging a sharp divergence between XRP's estimated leverage ratio on Binance and its spot price. The leverage ratio has dropped to near its lowest reading in over a year, around 0.15. The price has not followed it down. It is still holding near $1.30.

That gap is the signal.

When leverage gets flushed out this aggressively but price doesn't collapse, it typically means there are real holders supporting the price rather than speculative positions. Those holders don't get liquidated. They don't add selling pressure. And when new long-side leverage eventually re-enters, there's less friction in the market to absorb it, which is what can turn a normal rally into a fast, squeeze-driven move.

CryptoQuant researcher PelinayPA explained the setup in direct terms: the market looks calm, but it's actually building structural pressure. The divergence between price and ratio doesn't persist for long. It resolves either with price dropping sharply, or with leverage surging back in alongside a strong price move.

Given that XRP held its level through the leverage flush, the second scenario is what the data leans toward.

This is the kind of analysis that rarely gets covered in mainstream crypto headlines, which tend to focus on resistance levels, ETF filings, and regulatory news. The structural read on leverage data is a different layer entirely, and right now, that layer is telling a story worth watching.

For the full breakdown of the CryptoQuant leverage divergence signal and what it means for XRP's next move, head to the detailed report at CryptoNewsLive.org.

The data is there. The divergence is real. Whether the squeeze comes this week or next month, the setup is one that XRP holders should understand before it resolves.

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