XRP Gains 2.34% as Its Binance Leverage Ratio Drops 26%
Photo: TokenPost
XRP, the native token of the XRP Ledger, rose 2.34% over 24 hours to $1.3660 on Binance at 7:09 p.m. ET (23:09 UTC) Wednesday, Oct. 21. Binance’s estimated leverage ratio for XRP stood at about 0.169, down 26.2% from 0.229 in September. The ratio compares open interest with exchange reserves. A lower reading can reflect traders closing positions or using less leverage. Arab Chain wrote that the decline “does not necessarily mean that traders are shifting toward selling.” The price’s 24-hour gain and the ratio’s decline from September moved in opposite directions.
Source: TokenPost
