That's tough. With some tops I just pull them up in the crotch area a bit more and they seem to stay put and not show the higher pleats, but that top is so precise so it's a bit more difficult to move volume up this way.
Generally I think some ankle scrunch is fine, and can look good. I've also seen leggings where they are tucked around the heel, kind of like a stirrup pant (see below), and I've done that with a pair of long leggings when I wanted them to fit smoothly into oxfords or something. Warning though, it can abrade your leggings a little under the heel, if you then decide you want to wear them pulled up again.
To my eye, I think shorter leggings with a longer top make your legs look shorter unless you are wearing heels or want a little slice of skin to show over the top of a boot or something. But that's just my personal preference. (It's different for me from cropped skinnies, where you often see the belt so get more length showing at the top of the leg). All the above is just personal preference though, so take with a grain of salt.
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