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Traders on Binance — the world's biggest crypto exchange by all parameters — have been quietly getting back into XRP again, and this time the numbers are showing a major increase in support of the upside.
As of 1:00 p.m. UTC, 72.96% of top trader accounts were long on XRP, leaving just over 27% still betting on a fall. That has pushed the long/short account ratio to 2.70 — a level not seen in weeks.
It is not just individual accounts going bullish. The wider mix of retail and institutional investors also points in the same direction. Overall, long accounts across all segments hit 71.6%, with the global long/short ratio climbing to 2.52.
While that does not guarantee a price surge, it is often the kind of feeling that sets the stage for bigger directional moves, especially if paired with rising spot volumes.
But there's twist
While more accounts are going long, the size of those positions is getting a bit smaller. The long/short ratio by position dropped from around 2.95 earlier in the day to 2.76, which suggests some level of caution.
It is a sign that conviction is growing, but capital deployment is still being managed conservatively — possibly due to the whiplash action XRP saw in July.
Even so, the structure looks supportive. It is usually a sign of a change in what is expected — not just a few people trying to make a quick profit. If this trend keeps going and the market does not have another flush, XRP might soon challenge the overhead levels that have capped it since the post-CPI rally.
It is not an all-in moment yet, but this sort of positioning usually means bulls are feeling good about things and waiting for a reason to push even harder.
Vladislav Sopov
U.Today Editorial Team