XRP derivatives leverage near 0.16 signals calmer market, price stuck around $1.33

XRP is hovering near $1.33 as momentum remains weak and buyers show limited conviction. CryptoQuant data indicates the Estimated Leverage Ratio has fallen to about 0.16, with its 30- and 50-day averages trending lower, pointing to reduced speculative exposure. The analysis also highlights Binance's central role in XRP derivatives liquidity and short-term positioning.