Key Highlights
- XRP surged 44% during the past seven days, briefly touching $1.50 before settling near $1.44.
- Binance’s estimated leverage ratio climbed to 0.21, marking the highest reading since January.
- Active addresses on the XRP network exploded by 654%, rising from 47,180 to 356,070.
- Options trading volume spiked nearly 299%, reaching $36.70 million as market participants prepared for volatility.
- Long positions dominate shorts approximately 2-to-1 on Binance, while elite traders maintain a 3-to-1 ratio.
XRP delivered one of its most impressive weekly performances in recent memory, posting a 44% gain before experiencing a slight pullback. On Wednesday, the digital asset was changing hands around $1.44 after momentarily breaking through the $1.50 threshold earlier in the week.
This surge aligned with a wider cryptocurrency market rebound. Bitcoin advanced from under $68,000 to approach $80,000 following the U.S. Treasury’s expansion of its bond-buyback initiative, which drove long-term yields downward. During this period, XRP outperformed bitcoin and the majority of other leading cryptocurrencies.
Ripple contributed its own positive developments. The firm announced support for a new institutional credit facility designed to issue loans denominated in its RLUSD stablecoin via the XRP Ledger.
Market analyst Ted Pillows offered perspective on the dramatic turnaround via X. He highlighted that merely two weeks earlier, XRP had recorded its weakest weekly close in 21 months. Subsequently, within just seven days, XRP exploded 70% higher and reached a seven-month peak. His summary: “7 days of gain erased 7 months of pain.”
Leverage Climbs to Seven-Month Peak
XRP’s price appreciation brought increased leverage activity. According to CryptoQuant analytics, XRP’s estimated leverage ratio on Binance climbed to approximately 0.21, representing the highest level observed since January. This metric compares derivatives open interest relative to exchange reserves.
Data from Binance reveals approximately two long positions for every short position. This ratio increases to roughly three-to-one among top-tier traders. XRP futures contracts generated approximately $6.4 billion in 24-hour trading volume, exceeding spot market activity of $1.2 billion by more than fivefold. Futures open interest registered at $3.45 billion.
When leverage previously reached this magnitude in January, XRP was trading above the $2 mark.
On-Chain Metrics and Options Activity Explode
Blockchain analytics reveal the XRP network experienced a massive 654.71% increase in active addresses, surging from 47,180 to 356,070. Market analyst Ali Charts drew attention to this dramatic rise, observing that such spikes generally indicate incoming price volatility without necessarily confirming sustained upward momentum.
Options market activity similarly exploded, with volume increasing 298.79% to reach $36.70 million. Options open interest expanded 25.73% to $140.74 million. Overall derivatives volume decreased 8.19% to $8.07 billion, while open interest remained robust at $3.73 billion.
Technical indicators show XRP’s RSI positioned at 59.94, indicating sustained positive momentum. The MACD line currently trades beneath the signal line, suggesting potential additional consolidation ahead.
Critical resistance remains at the $1.50 level. A decisive break above this threshold could open pathways toward $1.60, followed by $1.70. Near-term support exists at $1.40, with secondary support positioned at $1.30.
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