CryptoQuant data show XRP’s estimated leverage ratio on Binance at its highest since January, with long accounts outnumbering shorts as futures volume runs more than five times spot trading.

XRP surges toward its best weekly gain in 21 months as the US Treasury doubles bond buyback operations, triggering $3B in short liquidations

Binance's XRP leverage ratio hits a 7-month high, with XRP all-time high by September 30, 2026 at 3.2% YES and by December 31, 2026 at 7.8% YES.