XRP recovers on low leverage, stays below $1.50 resistance

XRP’s price bounced. Leverage didn’t. Binance’s XRP leverage ratio stays muted at 0.15–0.16 while price compresses near $1.41.

CryptoQuant tracks a clear shift in behavior. In mid‑March, the leverage ratio neared 0.185 as traders piled in. Late March’s selloff cut it to ~0.13, reflecting a pullback in risk appetite, not just routine deleveraging.

The price recovered. Confidence didn’t. The ratio briefly touched 0.175 in mid‑April, then slipped back to 0.15–0.16. The ceiling was tested and rejected, per CryptoQuant’s report.

This is the shift. The current rally runs on spot and lighter leverage, not amplified risk. The report calls it rebalancing and notes fewer cascade risks than in March’s advance.

XRP trades in a tight band near $1.41 after February’s drop from above $2.00. Since early April, higher lows build a base.

The 50‑day MA flattens just below price. But the 100‑ and 200‑day MAs trend down above $1.50–$1.80. Volume cools after February’s spike, signaling equilibrium, not expansion.

Key levels now:
- Resistance $1.50
- Target on break $1.70
- Support $1.30

Sources: CryptoQuant leverage data here; market context on risk appetite here.