XRP Momentum Builds as Long Positions Exceed Shorts by 10%

The latest Coinglass data indicates that the market is moving in a different direction, and XRP traders are more positive about its price movement. 

At the time of writing, the long position was 55.06% of total trades and the short position was 44.94%, while the long/short ratio is currently 1.2252.

A sign of increased confidence

The increase in longs indicates greater optimism among traders that XRP will increase in price. A long/short ratio of more than 1 is usually an indication of bullish prospects.

It suggests that market participants are willing to hold onto XRP in anticipation of gains rather than betting on a decline. The chart shows a sharp uptick in this ratio, confirming growing optimism.

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Over the past few days, this ratio has fluctuated near the neutral zone, mostly balanced between buyers and sellers. But the recent changes show that traders are no longer undecided. Instead, they are leaning toward a breakout or upward momentum in XRP’s price.

A higher long/short ratio doesn’t guarantee a price rise, but it reflects market confidence. When confidence builds, momentum often follows. That can trigger stronger buying interest and create opportunities for entry before a potential move.

Bullish sentiment builds ahead of potential XRP price breakout

Traders could also benefit from this kind of setup. A market with more longs and fewer shorts can sometimes push prices higher during quick rallies. It is important to pay attention to price movement, particularly when other bullish indicators align in the same direction.

XRP has not yet made a significant price move, but sentiment is shifting and that is often a sign that price is about to change.

CoinMarketCap shows the current price of XRP to be $2.17, with a 1.73% increase in the last 24 hours. XRP traded at around $2.15–$2.18 in the price chart during this period, showing a consolidation phase.

Its trading volume, however, has declined by 26.47% to $2.11 billion. This indicates that investor confidence is still present, but short-term trading has slowed.

Meanwhile, Purpose Investment has announced that it will not request any management fee for its new product (the spot XRP ETF). 

Earlier, the tightening of the Bollinger Bands for this cryptocurrency on the daily timeframe hinted that an XRP rebound may be happening soon.