From 24/7 Wall St. · Sam Daodu · · 1m 40s
XRP Traders Lean Long by Two to One
XRP traders hold long positions two to one over short, but whales stop sending coins to exchanges.
In brief
XRP traders hold long positions two to one over short, but whales stop sending coins to exchanges. XRP traders are leaning long by two to one, with whales halting coin transfers to exchanges. Originally reported by 24/7 Wall St..
XRP Long-to-Short Ratio
XRP traders are piling into long positions at a historic rate while the biggest holders quietly pull their coins off exchanges.
Long-to-Short Ratio at 2.32
The XRP long-to-short ratio now stands at 2.32, according to the Bitrue Research Institute.
XRP Trading at $1.39
XRP was trading around $1.39, down 7% over the past week but still up 40% over the last 60 days.
Whales Stop Sending Coins
Large XRP holders have been quiet on exchanges, with whale inflows dropping to $61 million, the lowest since 2021.
Whale Outflows at 104.7m XRP
About 104.7 million XRP, valued at around $146 million, exited two exchanges, with whales accounting for 82% of the outflows.
Leveraged Traders Risk Liquidation
Leveraged traders could trigger a sharp drop if prices dip, as forced liquidations may push XRP lower.
XRP Tests $1.38 Before Rally
A Bitrue analyst anticipates XRP might test the $1.35 to $1.38 range before a substantial rebound.
XRP Holds Support at $1.38
XRP is holding a rising support area established since the August rally, topping out at $1.38.
XRP Could Rise to $1.45-$1.50
If XRP holds at $1.38 while the long-to-short ratio moves closer to an even split, it could rise to $1.45-$1.50.
XRP Could Drop to $1.32
A daily close below $1.38, especially on increasing volume, could push XRP toward $1.32.
At a glance
XRP traders are leaning long by two to one, with whales halting coin transfers to exchanges.
