Key Highlights
- XRP surged 44% within seven days, briefly breaking above $1.50 before settling near $1.44.
- Binance’s estimated leverage ratio climbed to 0.21, marking the highest point since January.
- Network active addresses exploded by 654%, rising from 47,180 to 356,070.
- Options trading volume spiked nearly 299% to reach $36.70 million.
- Long-to-short ratio stands at approximately 2-to-1 on Binance, with top traders holding 3-to-1 positions.
XRP delivered its most impressive weekly performance in recent memory, posting a 44% gain before entering a consolidation phase. By Wednesday, the token was changing hands around $1.44, having touched levels above $1.50 earlier in the trading week.
This explosive move coincided with a broader cryptocurrency market upswing. Bitcoin surged from under $68,000 to approach $80,000 following the U.S. Treasury’s announcement expanding its bond-buyback initiative, which drove long-term yields downward. Throughout this period, XRP significantly outperformed bitcoin and the majority of other leading digital assets.
Ripple contributed its own catalyst to the momentum. The firm announced support for a new institutional credit fund designed to issue loans denominated in its RLUSD stablecoin via the XRP Ledger infrastructure.
Market analyst Ted Pillows highlighted the dramatic reversal on X. He noted that merely two weeks prior, XRP recorded its weakest weekly close in 21 months. Subsequently, within just seven days, the token rocketed 70% higher, reaching a 7-month peak. His observation captured the sentiment perfectly: “7 days of gain erased 7 months of pain.”
Binance Leverage Reaches Highest Level Since January
XRP’s price surge brought a corresponding increase in leveraged trading. According to CryptoQuant analytics, the estimated leverage ratio for XRP on Binance climbed to approximately 0.21, representing the most elevated reading since January. This metric evaluates the relationship between derivatives open interest and exchange reserves.
Binance data reveals approximately two long positions for every short position. This ratio becomes even more pronounced among elite traders, where long positions outnumber shorts by roughly three-to-one. XRP futures markets processed approximately $6.4 billion in 24-hour trading volume, dwarfing the $1.2 billion recorded in spot markets by more than five times. Futures open interest registered at $3.45 billion.
When leverage previously reached comparable levels in January, XRP was trading above the $2 threshold.
On-Chain Metrics and Options Market Explode
Blockchain analytics reveal the XRP network experienced a massive 654.71% increase in active addresses, expanding from 47,180 to 356,070. Market analyst Ali Charts highlighted this dramatic spike, observing that such substantial jumps typically foreshadow increased price volatility, though they don’t necessarily confirm continued upward momentum.
The options market witnessed parallel expansion, with volume surging 298.79% to $36.70 million. Options open interest increased 25.73%, reaching $140.74 million. While total derivatives volume declined 8.19% to $8.07 billion, open interest remained substantial at $3.73 billion.
Technical indicators show XRP’s RSI currently at 59.94, reflecting bullish momentum. However, the MACD line remains positioned beneath the signal line, suggesting potential for additional consolidation ahead.
Critical resistance awaits at $1.50. Breaking decisively above this threshold would establish a trajectory toward $1.60, with $1.70 as the subsequent target. Downside support is located at $1.40, followed by $1.30 as the next defensive level.
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