From TokenPost · · 40s
XRP Price Rises as Binance Leverage Ratio Falls
XRP gains 2.34% on Binance as leverage ratio drops 26% from September.
In brief
XRP gains 2.34% on Binance as leverage ratio drops 26% from September. XRP rose 2.34% to $1.3660 on Binance after its leverage ratio fell 26.2% from September levels. Originally reported by TokenPost.
XRP price rise
XRP rose 2.34% over 24 hours to $1.3660 on Binance at 7:09 p.m. ET (23:09 UTC) Wednesday, Oct. 21.
Leverage ratio decline
Binance’s estimated leverage ratio for XRP stood at about 0.169, down 26.2% from 0.229 in September.
Market interpretation
The ratio’s decline does not indicate traders are shifting toward selling, according to Arab Chain.
“Arab Chain wrote that the decline "does not necessarily mean that traders are shifting toward selling."”
The takeaway
XRP rose 2.34% to $1.3660 on Binance after its leverage ratio fell 26.2% from September levels.
