- Binance traders have established more than 70% of their XRP futures positions as long which shows strong positive market expectations and price elevation predictions.
- The current market sentiment shows overwhelming bullish sentiment because 2.37 long positions exceed short positions.
- The XRP trader market continues its holding of long positions throughout temporary market dips as traders demonstrate their confidence for a potential price break
A growing majority of XRP futures traders on Binance are betting on a price rise, with data showing a heavy skew toward long positions. The market appears to be positioning for a potential breakout, supported by consistent optimism.
Over 70% of Traders Are Long on XRP
Prominent analyst in the crypto space, Ali_charts, reported that as of April 5, 70.33% of Binance accounts holding open XRP futures positions are long. The current long/short ratio stands at 2.37, meaning there are more than twice as many traders expecting the price to go up than down.
The chart shared in the tweet tracks sentiment in 4-hour intervals, giving insight into how consistently bullish traders have been. While there was a brief dip in the percentage of long positions, the overall trend quickly resumed upward. This suggests traders are confident and are not easily shaken by short-term fluctuations.
Trader Sentiment Suggests Momentum Is Building
The long/short ratio reflects a strong belief that XRP could be on the verge of a move higher. Historical data often shows that high long interest develops ahead of price action. The consistent presence of long positions throughout each interval supports this view.
Ali pointed out that the crowd is clearly favoring upside potential. Though the market has seen moments of hesitation, the dominance of long positions signals a clear direction from futures traders. The sustained ratio also shows limited rotation into short positions, underscoring a lack of bearish conviction.
Breakout Talk Gains Attention
Adding to the market buzz, another analyst, STEPH IS CRYPTO, tweeted that a breakout for XRP is looming. This message aligns with the ongoing accumulation of long positions. Traders on Binance appear to be positioning ahead of a potential price rally.
The market shows signs of strong bullish behavior driven by trader sentiment and position data. Both Ali’s chart and Steph’s statement reflect a community expecting upward price momentum. XRP futures trading remains heavily long, echoing past setups seen before breakout moves.
