XRP, the native token of Ripple Labs, is capturing significant trader attention amid broader market uncertainty, showcasing stronger bullish momentum compared to other cryptocurrencies. As of February 10, 2025, the crypto market is displaying signs of recovery, with XRP emerging as a preferred opportunity for traders.
73% of Binance’s XRP Traders Go Long
Data from Binance reveals a striking long/short ratio of 2.66 for XRP/USDT—meaning 2.66 long positions exist for every short position. This metric underscores a dominant bullish sentiment among traders:
- 73% of top XRP traders on Binance hold long positions.
- 27% maintain short positions.
This imbalance not only reflects strong trader interest but also suggests growing confidence from long-term holders and institutional investors.
$12.50 Million XRP Outflow Signals Accumulation
Beyond trader activity, exchanges have recorded a notable $12.50 million outflow of XRP tokens. Such movements typically indicate:
- Whale accumulation: Large investors may be stockpiling XRP off exchanges.
- Reduced selling pressure: Fewer tokens available on exchanges could limit downside volatility.
- Potential price surge: Accumulation often precedes upward price momentum.
XRP Price Analysis and Key Levels
Despite a 48% surge in trading volume, XRP’s price has consolidated around $2.43 for the past 24 hours. Key observations:
- Uptrend intact: XRP remains supported by an ascending trendline.
- Critical support: Holding above $2.30** could pave the way for a **35% rally** toward **$3.30.
- Consolidation phase: Four days of sideways movement often precede breakout attempts.
👉 Why XRP’s accumulation phase matters for traders
FAQs
Why are most XRP traders going long?
The high long/short ratio (2.66) and 73% long positions reflect optimism about XRP’s potential upside, driven by market recovery trends and token fundamentals.
What does the $12.50M XRP outflow mean?
Large outflows suggest investors are moving XRP off exchanges, reducing immediate sell pressure and potentially setting the stage for price appreciation.
What’s XRP’s next price target?
If $2.30 holds as support, XRP could rally 35% to $3.30. Breaking this consolidation phase with volume is key.
👉 How to spot crypto accumulation patterns
Conclusion
XRP’s bullish trader positioning, coupled with significant outflows, paints an optimistic picture. Watch the $2.30–$2.43 range for breakout signals, which could validate the 35% upside scenario.
Disclaimer: This content is for informational purposes only and does not constitute financial advice.