XRP, the native token of Ripple Labs, draws the notable attention of traders despite the continuous uncertainty of the market, which makes it more optimistic compared to other active ingredients. Today, on February 10, 2025, the global cryptocurrency market shows signs of pricing, and merchants seem to find better opportunities in the XRP token.
73% of Binance XRP traders are long
These traders were observed on Binance, the greatest exchange of cryptocurrency in the world. According to data, the Binance Xrpusdt Long / short ratio is 2.66, indicating that for each 2.66 long positions, the binance has only one short position. This shows a bullish feeling among traders.
However, the data also revealed that currently 73% of the top Xrp Merchants on Binance hold long positions, while 27% hold short positions. These data not only show a strong interest in traders, but also indicate the attraction of long -term holders and whales.
$ 12.50 million XRP output
In addition to Paris traders on the long side, long -term investors and holders were found by accumulating XRP tokens from exchanges. The data from the influx / outings of spots reveal that exchanges through the cryptographic landscape experienced an exit of a significant value of $ 12.50 million in XRP tokens.
This substantial exit of exchanges indicates potential accumulation and could cause purchase pressure and upward momentum.
XRP price and upcoming level
With all this participation of merchants and investors, the XRP trading volume jumped 48% compared to the day before. However, the price has remained unchanged in the past 24 hours, as it is currently negotiating nearly $ 2.43.
Despite the ups and downs of the uncertainty of the market, XRP is still in an upward trend and receives support from the ascending trend line.
However, this marks the fourth day of consolidation near this level. Based on the recent action of prices and historical models, if XRP is above $ 2.30 level, there is a strong possibility that it can rise by 35% to reach the level of $ $ 3.30 in the future.