XRP Bulls Signal Breakout as Long Positions Surge Past $2.18

XRP bulls are taking center stage as positioning trends signal a potential breakout above the $2.18 mark. Market sentiment has seen a notable shift, with an increase in long bets indicating renewed trader confidence in a bullish uptrend.

According to recent data from on-chain analytics provider Santiment, the uptick in XRP long positions suggests that many investors are anticipating a significant price rally. The asset has seen steady bullish positioning in both derivatives and spot markets, driving speculation of an imminent breakout that could surpass critical resistance levels.

Much of this momentum is being traced back to favorable macro sentiment and increasing optimism within the broader crypto market. Bitcoin and Ethereum, as major market leaders, have been relatively stable, allowing altcoins like XRP to attract trader interest. The growing confidence among long traders highlights a shift in strategy, suggesting that many believe XRP is poised for a breakout run.

In addition to trader sentiment, metrics such as funding rates and open interest are also pointing toward a bullish buildup. Data shows that long positions are dominating across major exchanges, and this overwhelming majority signals that many traders expect upward price movement in the near term.

Historical price levels are playing a significant part in this optimism. A breakout above $2.18 would mark a key technical milestone, as this level has served as a strong resistance zone in previous trading cycles. Should bulls be able to breach this level with convincing volume, it would likely open the door to further gains and stronger upward momentum for XRP.

It’s also worth noting the increase in social sentiment surrounding XRP. Discussions about the cryptocurrency have risen across trading forums and social media platforms. While this added attention can sometimes lead to short-term volatility, it also signals heightened interest, which often precedes major price movements.

Investors are particularly watching the XRP/BTC and XRP/ETH trading pairs, as movements in these pairs could confirm whether XRP is leading its own rally or simply riding the wave of a broader altcoin season. A breakout in these pairings would further reinforce confidence in XRP’s ability to outperform its peers.

As always, traders are advised to monitor technical indicators closely. Resistance zones, trading volume, and overall market sentiment will be key in determining whether XRP can sustain any potential rally and push past the $2.18 ceiling.

The next few weeks could be critical for XRP as long positions build and pressure mounts at this key resistance level. If bulls maintain their momentum and buying pressure continues to rise, the asset may very well be on the cusp of a substantial breakout.

Related: $2.3 Trillion Liquidity Shock: Franklin Templeton Says XRP Is Next in Line for Massive Inflows

Check out the original source of this data through Santiment’s latest insights on XRP trading behavior and sentiment shifts.