On November 11, 2026, CryptoQuant analyst Arab Chain reported that XRP’s estimated leverage ratio on Binance had fallen to about 0.14, its lowest level in three months. XRP was trading at around $1.09 at the time.
The ratio measures leverage use relative to available reserves on the platform. Arab Chain said the lower reading suggests traders may be reducing leveraged exposure. It could reflect positions being closed or less willingness to use leverage amid price pressure; the reading does not establish which explanation applies.
Less leverage may reduce the market’s sensitivity to sharp price moves and the risk of large-scale liquidations driven by excessive leverage. It does not eliminate liquidation risk: price movements and liquidity remain important factors.
Original report: PANews, published November 11, 2026, at 15:05 (UTC+8).