XRP Traders on Binance Show Surprising Shift

XRP is witnessing a notable shift in sentiment among the top-tier traders on Binance, signaling a possible change in short-term market dynamics. While the digital asset’s price has stayed relatively stable, trader behavior tells a different story — one that may foreshadow an evolving outlook on Ripple’s token performance.

As of May 27, Binance data indicated a growing preference for short positions within the platform’s most capitalized accounts. Specifically, among the top 20% of high-margin traders, 58.7% were positioned net short on XRP, compared to only 41.3% holding long positions. This shift has brought the account-based long/short ratio down to 0.70, reflecting a clear tilt toward risk aversion among elite market participants.

This cautious behavior among seasoned traders is also evident in the declining number of long positions. Despite the overall balance tilting toward shorts, few are placing aggressive bets either way. Instead, what we’re seeing is a defensive posture — traders are reallocating their strategies to avoid being exposed to large fluctuations without enough certainty in upside momentum.

Interestingly, the position-based long/short ratio offers a different angle: it currently stands at 1.48. This metric suggests that while fewer traders are maintaining long exposures, those who remain are doing so with significantly larger positions. This divergence potentially points to a battle between broad-based bearish sentiment and conviction from a minority of bullish speculators investing with higher volume.

More broadly across all Binance XRP accounts, the situation mirrors this defensive mood. The global long/short account ratio for XRP hovers around 0.59. That means about 59% of all users on the platform are holding short positions — reinforcing a wider market trend leaning toward caution and a lack of trust in sustained upward movements over the near term.

XRP’s trading price remains steady within a familiar support zone between $1.85 and $2.00. This level has been retested several times since early April and continues to act as a cushion against downward pressure. Resistance, however, remains strong around the $2.60 to $2.80 range. Until one of these boundaries is decisively broken, XRP may continue to drift within this tight corridor.

Despite the shift in trader sentiment, XRP has yet to show any significant price volatility. Historically, however, market sentiment and price action do not stay disconnected for long. That suggests XRP could be on the verge of a move, potentially following the momentum implied by the positions of top traders.

It’s important to highlight that the recent repositioning by Binance’s top accounts is not an outright bearish call. Rather, it reflects a strategic pivot toward managing risk — a hallmark of seasoned trading. These top-tier traders are neither excessively bearish nor blindly bullish. They appear to be waiting for a more definitive signal before committing more capital in either direction.

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

Should the mood of the market continue to align with cautious sentiment, XRP’s support zone could come under renewed pressure. For now, though, the token continues to trade sideways, with broader investor behavior suggesting uncertainty over the immediate future of Ripple’s digital asset.