Key Takeaways
- Coinglass reveals that nearly 75% of traders on Binance are betting on XRP long positions despite the price continuing to decline.
- XRP’s four-hour chart flashes a bullish divergence, hinting at a potential reversal if it holds the $2.32 level; otherwise, it could see a price dip of 13%.
- Derivatives data shows that $32.32 million worth of XRP has flowed out of exchanges, hinting at potential accumulation.
Today, XRP, along with other cryptocurrencies, is witnessing strong downward momentum, yet traders remain aggressively bullish amid this situation. According to the derivatives platform Coinglass, the Binance XRP/Long ratio has reached 2.98, indicating strong bullish sentiment among traders, marking the highest level since October 11, 2025.
75% Binance Traders Go Long on XRP
This ratio also indicates that for every 2.98 long positions, there is a single short position, showing that traders are heavily building longs on Binance. Currently, 74.87% of Binance traders are betting on long positions, while 25.13% are on short positions.
Current Price Momentum
At press time, XRP is trading at the $2.34 level, posting a price dip of 3.85%, according to TradingView data. However, market participants have shown strong interest, with trading volume jumping 30% to $6.70 billion.
The rising trading volume amid falling prices hints at strong selling pressure, signaling a bearish trend for XRP holders.
The key catalyst driving XRP traders to go long appears to be the bullish price action the asset is flashing on the four-hour chart, and investors’ potential accumulation.
Also Read: Time to Buy XRP? 18.73 Million Tokens Exit Exchanges
XRP Technical Outlook: Key Levels to Watch
According to TimesCrypto technical analysis, XRP on the four-hour chart is flashing a bullish divergence, as the price makes the same low while the momentum indicator, Relative Strength Index (RSI), records higher highs, suggesting strong upward momentum in the asset.
Based on current price action, if XRP holds its key support at the $2.323 level, there is a strong possibility that it could see a price uptick of over 12%, potentially reaching the $2.65 level in the coming days.
However, if the current downward momentum continues and XRP falls below $2.30, a notable 13% dip could occur, with the price potentially dropping to the $2 level.
At press time, the 200-day Exponential Moving Average (EMA) indicates that the asset is in a downtrend, as it hovers above the current price on both the daily and four-hour charts.
$32.32 Million of XRP Outflow from Exchanges
Looking at the current market sentiment, it appears that investors and long-term holders are seizing the dip as an opportunity, accumulating millions worth of XRP tokens.
Coinglass’s spot inflow/outflow metric shows that exchanges have recorded an outflow of $32.32 million worth of XRP over the past 24 hours, hinting at potential accumulation and the possibility of easing selling pressure.
