KEY INSIGHTS :

• Binance saw the highest XRP leverage ratio in more than a year; traders appear bullish.
• XRP recovered from $1.00 thanks to the RSI and MACD indicators.
• Traders increased leverage despite stagnation; implies a breakout is expected.

Following last week’s surge, the XRP leverage ratio saw its highest value in the past year at Binance. New reports indicate increased activity in the XRP derivative markets as discussions about Standard Chartered and BRICS-related payment infrastructure are underway.

XRP Leverage Ratio Reaches Highest Level

CryptoQuant Reported Rising Leveraged Volume

XRP’s Estimated Leverage Ratio (ELR) on Binance has now achieved its highest level in over one year, CryptoQuant data indicates.

According to analyst ArabxChain, who tweeted a data report, XRP’s ELR grew substantially between March and June, hitting its highest point above $0.18 when the price touched over $1.20 after a recent market decline.

The remarkable part of the latest increase is that leverage has gained more than the market price throughout May and June. While XRP declined from its yearly highs of May, traders significantly increased leveraged positions.

Metric                                             Current data

Estimated Leverage Ratio                Yearly high

Price actioN                                 Above $1.20

Trading actions:                               Aggressive increase in leveraged positions

Trader mentality                            Optimistic regarding short-term trends

Traders Bet on a Breakthrough

Chart evidence suggests that increased leverage continued to rise even as XRP continued to stagnate, a behavior commonly seen before a trend is likely to continue.

CryptoQuant previously pointed out that these leverage surges often lead to intense market volatility. With the increase in leverage, traders often prepare for a large trend movement.

ArabxChain noted that this is because “the increased leverage indicates growing confidence among XRP derivatives traders concerning the asset’s immediate outlook.” 

However, traders should also recognize that higher leverage implies a larger risk of loss if price movements are unfavourable.

Source: CryptoQuant 

Spot Demand Remains Critical

While derivative trading continues to gain traction, the amount of spot demand for XRP will still be critical for sustainable price growth.

Increased buying from those transacting at the spot market will push demand higher. However, should that demand weaken, it might become a problem for leveraged traders during the volatility period.

For now, traders are waiting to see if current leverage levels will translate into a sustained upward trend.

Technical Indicators Showing Strength

The Daily chart looks positive following last week’s dip

The XRP chart now shows a brighter picture after a period of extensive selling pressure. XRP recently made an incredible recovery from the psychologically significant $1.00 support zone, moving up to $1.23. Buyers seem to have re-entered the market after the decline, giving a positive outlook.

The chart below also shows increasing market sentiment.

Source: tradingview

Momentum shows strength on a few indicators

Both the RSI and MACD are displaying constructive momentum. The Relative Strength Index (RSI), which dropped to below 30 last week, has now crossed over 50 and is on the ascent. 

The RSI moving average is also crossing the RSI line in an upward direction. MACD’s histogram is finally positive, and its moving average is showing up over the MACD line.

Indicator                     Current indication

RSI                              Above 50

RSI Moving Average     Bullish crossover

MACD                             Above the MACD line

MACD Histogram:            Positive

The next obstacle ahead

A notable jump in trading volume has appeared with the recent recovery of XRP, indicating substantial buyer activity. From a market structure standpoint, XRP seems to be consolidating and establishing higher lows after defending the $1.00-1.05 region.

The $1.35 and $1.50 marks will likely serve as next significant resistance areas if buyer sentiment can be maintained. Supporting over $1.20 will also be crucial.

Standard Chartered Involves itself in BRICS Payment Discussions

Digital Currency Activity continues to grow

One of the most significant factors driving XRP news relates to Standard Chartered and its increased participation in the digital finance space. 

Crypto analyst SMQKE has previously pointed to Standard Chartered’s involvement in various areas like blockchain infrastructure, tokenized assets, stablecoins, and cross-border settlement technology.

This development is closely followed as BRICS countries actively seek faster international payments and distributed ledger systems.

Potential interconnectivity between market actors is being discussed.

XRP holders are correlating Standard Chartered’s efforts to the development of BRICS Bridge and other networks aiming to improve cross-border transactions by employing digital solutions. This suggests a more interconnected payment infrastructure in the future.

Banks and traditional financial institutions that deal with both traditional finance and digital assets might in the future connect disparate payment networks together.

No Confirmation of XRP BRICS Link

To date, there is no official confirmation of XRP’s involvement in either BRICS Pay or BRICS Bridge. The speculation still relies on Standard Chartered’s role within digital finance and Ripple’s presence as a prominent player in the FinTech space.

Regardless of confirmation, the trend towards greater integration is apparent. Governments, central banks, and payment providers all around the world are keenly interested in leveraging blockchain networks and digital currencies for quicker and more efficient payments and settlements. XRP remains a participant in the ongoing global conversations around how to move money better.

FAQs

1. Why is XRP’s leverage ratio attracting attention?

XRP’s Estimated Leverage Ratio on Binance has reached its highest level since early 2026, showing that traders are increasing leveraged positions and preparing for a potential price move.

2. What do XRP’s technical indicators currently suggest?

The RSI has recovered from oversold conditions, while the MACD has produced a bullish crossover. These signals indicate improving momentum following XRP’s rebound from the $1.00 support area.

3. Is XRP officially connected to BRICS payment systems?

No. There is currently no official confirmation that XRP has been integrated into BRICS Pay or BRICS Bridge. Discussions are based on Standard Chartered’s digital finance initiatives and broader blockchain adoption trends.