XRP leverage on Binance hits zero as whales withdraw
Crypto analyst Xaif Crypto says XRP leverage on Binance has dropped to near zero/zero, a condition often seen before sharp upside moves. At the same time, large investors pushed a surge in Binance outflows: whales accounted for 56.4% of daily XRP withdrawals for two straight days, which may signal XRP is moving off-exchange rather than immediately being sold.
Traders are watching key technical levels. XRP is holding support around $1.36. A liquidation/forced unwind zone sits near $1.45, making it a potential “magnet” for volatility. If $1.36 breaks, the bullish thesis may weaken quickly. If it holds, the setup could support a continuation breakout from the current range.
Some commentary flags an ambitious upside target near $8.28, but the near-term trade focus remains the $1.36–$1.45 band. XRP leverage on Binance and whale withdrawal flows are expected to drive the next volatility burst.
Bullish
The earlier leverage squeeze on XRP leverage on Binance (near zero/zero) often implies less immediate downside fuel from crowded leveraged shorts. Coupled with the latest data showing whales driving 56.4% of daily withdrawals for two consecutive days, the narrative leans toward XRP moving off-exchange, which can reduce near-term selling pressure. However, the move is not confirmed without a technical resolution: $1.36 is the key support, while $1.45 is a liquidation cluster that can trigger fast volatility either way. Net effect for XRP itself is bullish as long as $1.36 holds and the range resolves upward; a break below would quickly neutralize the thesis. In the short term, traders may position around the $1.36–$1.45 trigger, anticipating liquidation-driven acceleration, and in the longer run the leverage normalization plus off-exchange accumulation could support a larger continuation leg toward higher targets.