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XRP Traders Cut Binance Leverage by a Quarter in Under a Month, and the Ones Left Are Leaning Long

Grade Bbullish AI signal$XRP
XRP traders cut Binance estimated leverage by 26.2% in less than a month, as October liquidations reduced borrowed positions and eased some market risk. Binance XRP open interest fell from $538.1 million on October 4 to $453 million on October 17, while the long-to-short account ratio on OKX reached 3.45 on October 20, signaling a continued tilt toward longs. Lower leverage could reduce liquidation risks, but crowded bullish positioning may leave XRP vulnerable to another sharp sell-off.

Bullish strength: 55/100

  • Binance estimated XRP leverage fell 26.2%, potentially reducing liquidation risk.
  • XRP gained 4.5% in 24 hours to $1.35.
  • Ripple backed the SEC's proposed crypto asset regulation framework, potentially supporting clearer rules.

Bearish strength: 45/100

  • Binance XRP open interest declined from $538.1 million to $453 million between October 4 and October 17.
  • OKX's long-to-short account ratio stood at 3.45 on October 20, indicating crowded long positioning.
  • XRP previously fell from $1.52 to as low as $1.32 during October's liquidation wave.
  • Lower open interest reflects reduced participation in leveraged XRP futures.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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