News View Non-AMP

XRP News: 70% of Binance Traders are Betting on XRP’s Price to Go Long!

Published by
Mustafa Mulla

XRP, the fourth-largest cryptocurrency by market cap, is heating up as traders go all in, betting on a major price surge. Over 70% of Binance traders are holding long positions, showing strong confidence in XRP’s future. Crypto analyst Ali Martinez highlights that if XRP stays above $2, it could gain momentum and soar 30% to $2.60. 

But with so many traders piling into long positions, could a sudden price swing shake things up? 

70% Traders Going Bullish on XRP’s Future

According to the data shared by Martinez, 4-hour XRP’s long/short ratio has reached 2.37, meaning that traders betting on price increases significantly outnumber those expecting declines. 

Typically, a higher long/short ratio suggests that investors expect the price to rise. However, it can also indicate an overcrowded trade, which sometimes leads to sudden price swings if sentiment shifts unexpectedly.

Further, Martinez revealed that 70.33% of accounts were holding long positions, while only 29.67% were shorting the asset. This marks a strong tilt towards optimism among XRP traders.

Should Traders Be Cautious?

While the bullish sentiment is strong, traders should remain cautious. A high long/short ratio often increases the risk of liquidations, especially if the price moves against the majority. 

According to Coinglass, XRP saw $3.1 million in liquidations in the past 24 hours. Long traders, who expected the price to rise, lost $1.73 million, while short traders, who bet on a price drop, lost $1.36 million.

If XRP’s price dips suddenly, leveraged long positions could be forced to close, leading to further declines.

XRP Aims for a 30% Surge

Further, Martinez suggests that the XRP price is showing strong signs of a potential rally. As per the Martinez 4-hour XRP price chart analysis, XRP is trying to break out of its current consolidation phase.

If the price stays above $2, it may attract more buyers, increasing momentum and pushing XRP toward its next major resistance at $2.60—a potential 30% jump from current levels.

Right now, XRP is trading around $2.09, down 2% in the last 24 hours, with a market cap of $121.8 billion.

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Recent Posts

Grayscale Urges SEC to Approve Staking for Ethereum ETFs

Grayscale recently met with the SEC's crypto task force, urging for approval to allow Ethereum…

April 28, 2025

Trump Tariff Strategy Could Cut Income Taxes Ahead of Fed Rate Cuts

President hinted that Americans could soon see a dramatic shift in how the government is…

April 28, 2025

AI Agent Coins Are Making a Comeback: Top Coins For Altseason 2025

Over the past few months, many people in the crypto world have been asking the…

April 28, 2025

XRP Lawsuit in the Rearview, Ripple Goes Full Speed Ahead with $1.25B Deal

Crypto-related acquisitions and public listings in the U.S. have already hit $8.2 billion across 88…

April 28, 2025

Breaking: XRP ETF Approved, But it’s Not Spot ETF

The U.S. Securities and Exchange Commission (SEC) has approved the first-ever XRP futures ETF, launched…

April 28, 2025

Pi Coin Price Drops 4% as New Whale Buys 48 Million Tokens: What It Means for Investors

Pi Coin’s price has dropped by more than 4% and is now trading at around…

April 28, 2025