Data reveals that Binance users are heavily long on XRP, with over 67% of accounts currently holding long positions, according to CoinGlass data. This bullish trend is particularly notable as the exchange’s top traders also exhibit a strong long bias, ranking within the top 20% based on their margin balance. In stark contrast, Bitcoin sees a majority of users shorting the asset at nearly 55%. While a slight majority (51.3%) still remain bearish on XRP, Binance and other platforms like BitMEX are driving this bullish sentiment. Open interest for XRP stands at $3.15 billion after a decline of more than 4% over the past day. This dip has resulted in nearly $4 million worth of XRP being liquidated in recent hours, with long positions accounting for the majority (61.5%). As of press time, XRP is up by 1.18% on Binance, trading at $2.15. Earlier today, the token hit an intraday high of $2.16. Following a significant plunge to a multimonth low of $1.60 on April 7th during a broader market sell-off driven by macroeconomic uncertainty, XRP has since rebounded by around 25%.