- Binance data indicates that there are 66.86% of XRP traders holding long positions, and the Long/Short Ratio is at a high of 2.02.
- The Long/Short Ratio bounced up rapidly from 1.6 to 2.02, indicating increased trader confidence in a possible XRP price upturn.
- XRP is now at a price of $2.14, up by a strong 12.05% in a week, supported by volume and bullish market activity.
The latest trader data from Binance reveals a dominant long position bias on XRP, with 66.86% of open positions leaning bullish. The Long/Short Ratio now stands at 2.02, showing growing optimism among participants despite previous price reactions.
Bullish Sentiment Dominates Binance’s XRP Traders
A tweet from crypto analyst Ali_charts on April 14 stated that 66.86% of Binance traders with open XRP positions were long. The Long/Short Ratio chart, updated on a 4-hour timeframe, reflects this sentiment shift, showing an increase in trader confidence. The chart data shows long positions significantly outweighing shorts, which account for only 33.14% of total accounts.
This bullish dominance mirrors a Long/Short Ratio of 2.02, meaning there are roughly two long positions for every short. The ratio experienced a slight decline earlier but rebounded quickly, suggesting renewed momentum in trader positioning. The trend implies strong anticipation of upward price movement among market participants.
Past Data Shows a Contrasting Outcome
While the sentiment is bullish, past data offers a contrasting perspective. A similar ratio was recorded between April 5–6, when long positions also exceeded 70%. However, the price of XRP dropped shortly after, falling from the $2 level to a multi-month low of $1.6.
This reaction aligned with broader market volatility, which at the time was influenced by heightened global financial tensions. The global environment, particularly news regarding Trump’s tariff policies, contributed to a wider correction across the crypto space. This suggests that market sentiment alone might not always predict short-term price action accurately.
XRP Price Sees Moderate Weekly Gains
The current XRP price stands at $2.14 as the market experiences a 0.12% upward shift during the last day. The weekly market performance has yielded higher results through a 12.05% increase in seven days. The trading volume surpasses $2.51 billion throughout the entire 24-hour period because investors continue to demonstrate their interest.
Despite prior corrections, the current price movement shows resilience. Traders continue to engage actively, and the chart’s data points to a possible continuation of upward momentum if buying pressure holds.
