The chart shows that leverage was much higher during previous phases, particularly around the major price expansion in late 2024 and the push to new all-time price highs in mid-2025. However, the current leverage ratio has fallen back near the lower end of its range and is moving sideways.
The chart shows XRP compressed between long-term rising macro lines, with the price now situated around the lower part of a wedge structure. EGRAG marked the $0.90 region as a possible trap zone, while also showing a bullish path that could send XRP back above $1.80.
Featured image from Unsplash, chart from TradingView
