According to data released by CoinGlass platform, most Binance exchange users have opened long positions on Ripple (XRP). These data show that 67.6% of accounts are on the buying (long) side, with the current buy-to-sell ratio at 2.09. Interestingly, this trend is also observed among the top Binance traders, a group that constitutes the top 20% of users in terms of holdings. In contrast, the situation is different for Bitcoin (BTC). Currently, about 55% of Binance accounts have taken short positions on the largest digital market currency. However, the overall crypto market conditions seem different. On average, 51.32% of traders across the market have placed bets on the decline of Ripple’s price. This indicates that optimism towards Ripple is mainly limited to Binance and some specific exchanges like BitMEX. Meanwhile, derivative market data shows that Ripple’s open contract volume has decreased by over 4% in the past 24 hours, reaching $3.15 billion. During this period, approximately $4 million of Ripple trading positions have been liquidated, with 61.5% of it related to long positions. In the past 24 hours, Ripple’s price has increased by about 1.3% and is trading around $2.15. This cryptocurrency also reached a daily high of $2.16 today. It is worth mentioning that after plummeting to its multi-month low on April 7, 2025, and reaching $1.60, Ripple has grown by about 25%. This price drop followed extensive selling in the market and global economic instability. On the real-time digital currency price page, you can monitor the prices of all tokens and cryptocurrencies live and instantly.
