According to CoinMeta, the leverage ratio of XRP on Binance has risen to approximately 0.213, hitting a new high in seven months. This indicator reflects a significant increase in traders' willingness to take risks, as they are more inclined to use borrowed funds to establish larger positions in XRP. The current price of XRP is around $1.46, with a decline of nearly 3% in the past 24 hours. The current open interest is about $3.62 billion, of which Binance accounts for approximately $2 billion. In the past 24 hours, about $18.9 million worth of XRP positions were liquidated, with long positions accounting for roughly $15 million. Binance's long-to-short ratio for XRP is around 2.41, indicating a strong bullish bias.