XRP price remains under pressure as leverage in the futures market continues to weaken. While the token was at $1.08, it decreased by 0.19 percent in the last 24 hours. The daily transaction volume was recorded as 1.21 billion dollars and the market value was 67.69 billion dollars. This level corresponds to 3.09 percent of the total cryptocurrency market.
Leverage weakened in futures transactions
Cryptocurrency analyst Crypto Patel states that there is a change in the current structure of the XRP market similar to the strong rise seen in 2024. According to Patel, Binance’s Estimated Leverage Ratio has recently fallen to its lowest levels since 2024, indicating that leveraged futures positions are starting to unravel.
Mini dictionary: Estimated Leverage Ratio is an indicator that tracks the ratio of open position size on exchanges to the coin reserve held. A decrease in the rate may indicate that the transactions opened by investors with debt have decreased and the market has become less risky.
The decrease in the amount of open position also reveals that speculative transactions decreased after the last XRP correction. Patel points out that the current level is approaching the level of approximately 0.15 seen in April 2026. At that time, XRP liquidated most of the leveraged transactions after a sharp correction.
Crypto Patel emphasizes that strong price movements have occurred in some periods after excessive leverage has been cleared, but the past may not repeat exactly.
Similarities with 2024 are striking
The reason the comparison stands out is that XRP has gone through a similar deleveraging process in 2024. At that time, the token was trading around $0.40, while Binance leverage had dropped to approximately 0.05. After this process, the XRP price increased by over 790 percent.
| Period | XRP price | Leverage ratio |
|---|---|---|
| period like 2024 | $0.40 | About 0.05 |
| Outlook after April 2026 | After hard correction | About 0.15 |
| Current view | $1.08 | Near lowest levels since 2024 |
However, the technical outlook has not yet gained strength. XRP price continues to form lower highs and lower lows. This structure indicates that the broad downward trend continues.
Resistance and support levels are monitored
Technical analysts consider the $1.19 to $1.42 range as an important resistance zone. If there is a general strengthening in the cryptocurrency market and an increase in buying appetite, XRP may move towards this band. However, in order to talk about a meaningful change in the trend, this region must be overcome.
In the downside scenario, the $0.74 level is watched as support. If the selling pressure increases again and the digital asset market weakens, it is possible that XRP will retest this region.
Although the improvement in leverage indicators for XRP is noteworthy, it is evaluated that the price structure still remains weak and critical resistances must be overcome for a change in direction.
Leverage stands out as one of the key elements that magnify price movements in crypto futures markets. Excessive increase in positions opened with debt can trigger harsh liquidations even in small price changes. For this reason, the decrease in leveraged transactions can contribute to a more accurate reading of the market structure.
Analysts emphasize that although the current picture is similar to the pre-rise period in 2024, historical examples alone are not sufficient to determine the direction. The next price movement of XRP will be determined by macroeconomic conditions, general market direction and spot demand.
