XRPs sharp rally has drawn leveraged traders back into the derivatives market, increasing the risk of heightened volatility as the cryptocurrency begins to retreat from recent gains. XRP surged about 44% over the past week, outperforming many major cryptocurrencies. According to CryptoQuant data, the estimated XRP leverage ratio on Binance has climbed to roughly 0.21, its highest level since January. The metric compares derivatives open interest with XRP reserves held on the exchange, with higher readings indicating increased reliance on leverage. Bullish positioning is also dominating XRP…