TLDR
- XRP futures remain broadly bullish even as XRP slips 1.55% to $1.38.
- Binance whale accounts show an Extremely Bullish 2.74 long/short ratio.
- OKX records the strongest bullish alignment, including Smart Money and whale positions.
- Smart Money stays Extremely Bearish on Binance and Bybit, creating a split in sentiment.
- Long positions made up about 96% of XRP’s $7.91 million in 24-hour liquidations.
XRP futures traders are showing strong bullish positioning even as XRP faces short-term price pressure. XRP ended the previous session 1.55% lower at $1.38, while derivatives data showed many traders still favoring long positions.
CoinGlass data from Binance, OKX, and Bybit shows bullish readings across several trader groups. However, rising long liquidations and bearish Smart Money signals on some exchanges create a mixed market setup.
Binance Whales Keep Bullish XRP Futures Bias
On Binance, whale accounts recorded a long/short ratio of 2.74, placing them in the Extremely Bullish category. Retail traders also favored longs with a 2.47 ratio, while whale positions posted a 1.96 reading. Smart Money took the opposite side on Binance. The group showed an Extremely Bearish reading, creating a clear split between experienced traders and other market participants holding bullish positions.
OKX showed broader bullish positioning across most groups. Retail traders posted a 2.55 long/short ratio, while the whale position ratio surged to 30.86, placing both groups in the Extremely Bullish category. Smart Money on OKX also remained Extremely Bullish. Whale accounts took a less aggressive stance, with a 1.13 long/short ratio that placed the group in the Neutral category.
Bybit Data Shows Mixed Trader Positioning
Bybit also recorded strong long positioning among retail traders and whale accounts. Both groups posted a 3.39 long/short ratio, placing them in the Extremely Bullish category.
However, the whale position ratio stood at 0.98, showing a Neutral reading. Smart Money remained Extremely Bearish, matching the same cautious stance seen on Binance.
Despite bullish positioning, XRP futures traders faced heavy liquidation pressure during the latest decline. Total liquidations reached $7.91 million over 24 hours, with long positions accounting for $7.62 million, or about 96%. The 12-hour data showed an even stronger imbalance. Long liquidations reached $4.95 million out of $4.97 million in total forced closures, equal to roughly 99% of the total.
Trading volume also gave short sellers a small lead. Short volume reached $1.92 billion, or 52.78% of activity, while long volume stood at $1.72 billion, or 47.22%. The contrast suggests traders are still willing to hold bullish exposure despite the weaker spot price. At the same time, liquidation data shows that leveraged buyers remain vulnerable if selling pressure continues across major derivatives exchanges during the next sessions.
The post XRP Futures Stay Bullish Despite Price Weakness appeared first on Blockonomi.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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