Saad Ullah
XRP traders are getting bullish on Binance, with nearly 73% of top accounts going long and pushing the ratio to levels not seen in weeks.
XRP bulls are making their move on Binance, and the numbers don't lie. As of 1:00 p.m. UTC, a massive 72.96% of top trader accounts were betting on XRP going up, while just over 27% were still shorting. That's pushed the long/short account ratio to 2.70 – something we haven't seen in weeks.
This isn't just the big players either. When you look at everyone – retail traders and institutions combined – 71.6% of accounts are long, with the global long/short ratio hitting 2.52. Sure, that doesn't guarantee XRP's price will moon tomorrow, but it's exactly the kind of setup that usually leads to bigger moves.
Here's the interesting part though. While more people are going long, they're being smart about position sizes. The long/short ratio by position actually dropped from 2.95 earlier to 2.76. Traders remember July's wild swings and they're not trying to get burned again.
XRP Bulls Getting Ready for Something Big
What we're seeing looks like more than just quick profit hunting. When this many accounts lean the same way, it usually means sentiment is really shifting. People aren't just throwing darts at a board – they're positioning for what they think comes next.
The fact that conviction is growing while position sizes stay reasonable actually makes sense. Smart money knows XRP can move fast both ways, so they're positioning for upside while keeping risk in check. It's like saying "we think it's going higher, but we're not going crazy about it."
This is typically what happens when bulls feel good about the setup but are waiting for the right catalyst. Maybe it's regulatory news, maybe it's technical levels breaking, or maybe they just want to see if this bullish vibe can stick around without another big selloff.
XRP Price Ready to Challenge Key Levels
The big question now is whether XRP can actually do something with all this bullish positioning. If this trend continues and we don't get another market flush, XRP might finally take a shot at those resistance levels that have been capping it since the post-CPI rally.
It's not a slam dunk yet – the market rarely hands you those. But when nearly three-quarters of top Binance traders are betting on the upside, something's probably cooking. The bulls are clearly feeling more confident, and they're just waiting for their moment to really push.
Remember, Binance isn't just any exchange – it's the biggest crypto platform in the world. When sentiment shifts this hard on Binance, it usually reflects what's happening everywhere else. So while we can't predict exactly when XRP will move, the setup definitely looks more bullish than it has in a while.
The key now is watching if all this bullish talk can turn into actual price action. Sometimes these positioning shifts happen before the move, sometimes they're early. But having nearly 73% of top traders on your side? That's not a bad place to start.
Saad Ullah
