Binance Traders Signal Strong XRP Bullishness Amid Price Rebound

Binance traders are showing a significant bullish signal for XRP, with a large proportion of accounts holding long positions. According to CoinGlass data, 67.6% of Binance users trading XRP currently hold long positions, reflecting a strong expectation of further price growth. This sentiment is also reflected in the top-20% of Binance traders, who hold a significant portion of their margin in long XRP positions. The resulting long/short ratio on Binance now stands at 2.09, highlighting a wide gap between trader positioning, indicating a heightened optimism about XRP’s near-term price action on this platform.