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XRP leverage on Binance hits year high, raising volatility concerns

XRP leverage on Binance has risen to its highest level this year, the report said, as derivative-market bets increased after a spot-price rally. XRP extended gains for a third straight day and briefly climbed to $1.29 before edging lower. The simultaneous rise in spot prices and leverage suggests traders are positioning for further gains, but it also raises the risk of sharper swings and forced liquidations if prices move against leveraged positions.