Does history repeat itself with XRP? ๐๐
Recent data from CryptoQuant reveals an intriguing technical signal: the leverage ratio (ELR) for $XRP on the Binance platform has dropped to 0.16, its lowest level since November 2024.
โข Why does this matter?
In 2024, we witnessed a scenario that was exactly the same: leverage approached the 0.05 level during an accumulation period, paving the way for a massive price explosion that surpassed +790%. ๐
We are now in the marketโs "deleveraging" (clean-up) phaseโ a pattern that often precedes major price movements. Are we anticipating a repeat of this historical scenario?
The data doesnโt lie, and the market is getting ready. What are your expectations? ๐
Recent data from CryptoQuant reveals an intriguing technical signal: the leverage ratio (ELR) for $XRP on the Binance platform has dropped to 0.16, its lowest level since November 2024.
โข Why does this matter?
In 2024, we witnessed a scenario that was exactly the same: leverage approached the 0.05 level during an accumulation period, paving the way for a massive price explosion that surpassed +790%. ๐
We are now in the marketโs "deleveraging" (clean-up) phaseโ a pattern that often precedes major price movements. Are we anticipating a repeat of this historical scenario?
The data doesnโt lie, and the market is getting ready. What are your expectations? ๐