XRP Leverage Ratio Plummets to Historic Lows While Price Clings to $1.35 Like It's Got Somewhere to Be CATEGORY: Industry News

As of May 1, 2026, $XRP is hovering above $1.35 with the stubbornness of a crypto maximalist refusing to admit they were wrong. CryptoQuant data reveals the estimated leverage ratio on Binance has tanked to historic lows around 0.13–0.15, painting one of the bleakest pictures in recent memory—a curious disconnect between price action and the derivatives casino next door.

This spectacular squeeze stems from a full derivatives reset following $XRP's 2025 bull run, when the token briefly flirted with $3 like it had somewhere important to be. The leverage ratio has cratered roughly 78% from its mid-2025 high of 0.59, dragging open interest down to a modest $375 million or so. It's basically the crypto equivalent of a nightclub finally clearing out after last call.

Meanwhile, actual buying pressure has kept the price from imploding completely. Chunk-sized exchange outflows—including $XRP's sixth-largest single-day withdrawal in recent memory—suggest coins are being swept into cold storage and diamond-handed oblivion. This quiet accumulation has eaten through sell pressure like a hungry bull at a salad bar, holding the price steady above $1.35–$1.37 even as leverage ghosts the market.

Sitting pretty at $1.40 with a tidy 2.03% gain over the past 24 hours, $XRP is coiled like a snake waiting for the mailman. CoinCodex predictions show the token potentially crawling to $1.58 in three months and $1.69 in a year, assuming momentum bothers to show up. With derivatives positioning this compressed, the market is essentially a loaded spring waiting for someone to sneeze.

The setup screams asymmetric opportunity—or at least asymmetric tweets. A breakout above $1.45 resistance paired with climbing open interest could fling leveraged expansion toward $1.80–$2.00, since lighter liquidation risk means momentum can actually stretch its legs. On the flip side, cracking below $1.35 support under fresh selling pressure could drag $XRP toward $1.10–$1.20 before buyers remember it exists.

With futures positioning gutted and accumulation grinding forward, the stage is set for fireworks in whichever direction the wind blows. XRP holders, prepare yourselves—whatever comes next will be loud, whether you like it or not.