XRP Traders Lean Bullish as Binance Longs Dominate

XRP traders have stayed firmly committed to bullish positions on Binance, as long positions on the XRP/USDT perpetual market vastly outnumber shorts. This growing interest signals widespread confidence in XRP’s near-term upside potential.

According to recent data from Coinglass, more than 70% of XRP positions on Binance are long, representing a significant consensus among traders expecting the token to gain further momentum. Despite momentary market volatility, including a brief dip on May 19 when short positions temporarily outpaced longs, the ratio quickly recovered. This rebound further emphasizes ongoing optimism in XRP’s trajectory.

The data showcases a classic investor mindset—buying during dips—with the persistent dominance of long positions reflecting faith in future growth. Even as market sentiment wavered briefly mid-month, most accounts returned to staking long positions, suggesting that many traders see XRP’s recent corrections as strategic entry opportunities rather than exit signals.

This long-short account ratio represents individual trading accounts on either side, highlighting participation rather than volume. The fact that such a wide percentage of accounts continue leaning long underlines the depth of retail enthusiasm surrounding XRP. It’s not simply whales manipulating orders—it’s a broad-based trend across small to mid-sized traders.

XRP Network Activity Mirrors Market Sentiment

Beyond trading positions, on-chain activity adds another layer to the current XRP landscape. Glassnode data tracking active addresses over the past ten days reveals volatile engagement on the XRP Ledger. On May 12, just over 38,000 addresses were active. But this figure dropped by about 5,000 just four days later, reaching a low of approximately 33,000.

However, on May 17, network interaction surged, peaking at nearly 44,000 active addresses—the highest seen during this observation period. But this was again short-lived. By May 18, active addresses plunged under the 30,000 mark and hovered around that level until another minor bounce to 33,000 on May 21.

These oscillations in address activity resemble the intraday volatility seen in the Binance trading stats, suggesting that shifts in market participation might be influencing sentiment. As on-chain engagement picks up or tapers off, corresponding changes emerge in trading behavior.

While these figures show no definitive trend, they underscore a continually engaged user base that responds quickly to developments in the market. Traders and investors alike seem to be maintaining a watchful, responsive stance, ready to turn sentiment bullish again at the faintest signal of breakthrough on price charts or project updates.

Such habits align with XRP’s broader narrative: a highly active community that remains sensitive to both macroeconomic signals and localized token dynamics.

As of the latest daily market update, XRP is currently trading at $2.41, having climbed 1.28% in the last 24 hours. While these modest gains might not represent explosive movement, they reaffirm the gradual upward trend holders are betting on.

Overall, the market outlook for XRP among Binance users is decidedly bullish. Persistent long positions, even amid fluctuating address activity and intermittent sentiment dips, reflect robust belief in the asset’s potential. Still, it’s important to remember that this optimism can quickly reverse if external factors—including regulatory developments or macroeconomic shifts—begin influencing market behavior.

Related: Expert Advice: Sell XRP If You’re Confused

Until then, the data speaks loud and clear: a majority of XRP traders on Binance are positioning themselves for possible gains, demonstrating that faith in the longer-term story of XRP remains solid throughout the trading community.