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The estimated leverage for XRP on the Binance platform has risen to approximately 0.1899, reaching its highest point so far in 2026, according to CryptoQuant. At the same time, active addresses on the blockchain network remain largely unchanged, hovering around 28,300 users, while XRP’s social volume rebounded sharply at the end of May and into early June.
CryptoQuant reported that the estimated leverage ratio for XRP on Binance increased to 0.1899, breaking out of a stability range that had fluctuated between 0.15 and 0.18 during the previous months. Analysts said the move coincides with a growing gap between derivatives positioning and the blockchain’s fundamental and operational metrics.
CryptoQuant’s interpretation is that the leverage increase reflects renewed risk appetite among futures traders, who are using borrowed capital to benefit from short-term price swings.
Data from Santiment shows that social discussion around the XRP ecosystem rose sharply between late May and the first weeks of June 2026, reaching one of the highest levels of media attention in the last six months.
Despite the surge in commentary, on-chain activity has not followed. Santiment data indicates that daily active addresses remain steady and linear, holding at around 28,300 wallets based on the latest balance figures cited by the analytics firm. The report notes that this kind of divergence is typically associated with rallies driven more by market sentiment than by organic or institutional demand for the underlying protocol.
XRP is trading during a period of high volatility in the derivatives markets, while the spot price attempts to consolidate below the $1.20 level. The article also notes that XRP has recorded a depreciation of close to 45% compared with last year’s figures, alongside a 6% recovery over the last seven days.
On the weekly chart, XRP faces technical pressure. A descending trendline has rejected buyers’ advances on three consecutive occasions. The weekly Relative Strength Index (RSI) is in the lower zone at about 34 points, below its own descending resistance.
Technical documentation referenced in the article states that XRP previously broke out of a symmetrical triangle pattern, with a long-term theoretical target at $0.73. To reduce the risk of that negative scenario, bullish investors are focused on defending the 0.786 Fibonacci retracement level, around the $1.17 support zone.
The close of the next weekly candle is presented as the key event for determining whether XRP can validate the current floor near $1.17. If the level fails, the article indicates that a bearish breakdown toward lower targets could be confirmed.
Ready Card users outside the European Economic Area have reportedly faced an abrupt service halt after a transition involving the card issuer disrupted the USDC spending product, according to user notices shared on X.
A notice shared…
