Binance Data Shows Ripple’s XRP Bullish Breakout in Progress

Ripple’s XRP price is experiencing a significant upswing as data from Binance reveals robust buying pressure. The crypto platform’s analysis shows that short sellers are increasingly outnumbered by buyers, with the XRP Taker Buy/Sell ratio currently at 0.91. This suggests an active market dominated by bulls, absorbing the sell orders and driving up prices. Despite hitting a resistance level of $2.60 twice in the last two weeks, XRP has managed to remain within the $2.30 to $2.60 range, indicating effective short-selling pressure management.