XRP Rally Imminent? 73% of Traders Go Long
XRP is a local token for Ripple Labs, which has attracted significant attention from traders despite the ongoing uncertainty of market uncertainty compared to other assets. Today, February 10, 2025, the entire cryptocurrency market is showing signs of price recovery, and traders seem to have found a better opportunity in XRP tokens.
73% of Binance XRP traders long-term
These traders have observed on Binance, the world’s largest cryptocurrency exchange. According to the data, the Binance XRPUSDT length/short ratio is 2.66, indicating that every 2.66 long positions, Binance has only one short position. This shows the bullish sentiment of traders.
However, the data further shows that at present, the highest 73% XRP Binance traders hold long-term positions, while 27% of equity positions occupy short-term positions. The data not only shows strong interest from traders, but also the attractiveness of long-term holders and whales.
$12.5 million worth of XRP outflow
In addition to long-term trader betting, it was also found that investors and long-term holders accumulated XRP tokens from exchanges. Data from spot inflows/outflows suggests that exchanges throughout the cryptocurrency landscape witnessed the outflow of $12.5 million worth of XRP tokens.
The massive outflow of exchanges suggests potential accumulation and may lead to buying pressure and further upward momentum.
XRP Price and Upcoming Levels
With all participation from traders and investors, XRP’s trading volume grew by 48%, while the previous day’s trading volume increased by 48%. However, the price has remained the same for the past 24 hours as the current trading price is close to $2.43.
Despite market uncertainty falling to a fall, XRP is still on an uptrend and is being supported by the uptrend line.
However, this marks the level approaching the fourth day of integration. According to recent price action and historical patterns, if XRP is above the $2.30 level, it is very likely that it will soar 35% to reach the future $3.30 level.
