Ripple’s recent price drop, falling 15.6% in the past month, has surprised many. Despite this downturn, traders remain bullish, with long positions dominating the market. However, will this confidence translate into a real rally? While the potential exists for XRP to bounce back, current indicators suggest that a strong upward move may be uncertain. A look at trading volume and options interest paints a nuanced picture. 70% of Ripple traders are currently holding long positions, with open interest on platforms like Binance and Bitget signaling their conviction in an upcoming price increase. Despite this strong bullish sentiment, trading volume has fallen significantly, decreasing by over 50% to $4.98 billion, weakening the potential for a sustained rally. Furthermore, options market data reveals a concerning drop of 62.51%, suggesting a lack of active speculation. Without broader support from both retail and institutional investors, Ripple’s price may struggle to move significantly upwards. 70% of traders are betting on a rally with long positions, but this optimism might not translate into a market-wide surge if volume remains low.