A significant 67.6% of Binance accounts are long on XRP, indicating a strong bullish sentiment. The long to short ratio stands at 2.09, reflecting substantial support for XRP among traders.
Despite the bullish trend on Binance, a majority of traders (51.32%) across other platforms are betting against XRP, signaling mixed market sentiments. Similarly, Bitcoin is facing around 55% short positions.
XRP’s open interest is at 3.15 billion USD, having decreased by over 4%. In the past 24 hours, nearly 4 million USD worth of XRP was liquidated, with 61.5% from long positions. XRP’s price currently stands at 2.15 USD.
Leave a Reply