XRP Sees Unusual Imbalance Among Binance’s Top Traders

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Why Are Binance Traders Acting Like They Just Saw a Ghost? 👻

So, XRP is just chilling at around $2.33, right? But hold on to your hats, because the mood among Binance’s top traders is shifting faster than my attention span during a boring meeting. On May 27, the data revealed that the high-rollers are suddenly leaning towards short positions. I mean, who knew trading could be so dramatic? 🎭

Let’s break it down: among the top 20% of accounts by margin balance, a whopping 58.7% are now holding net short positions. Meanwhile, only 41.3% are still clinging to their long positions like a toddler to their favorite toy. The long/short ratio is sitting at a cozy 0.70, and the trend is as consistent as my need for coffee — more traders are pulling back from the long side, and fewer are willing to keep their bullish hats on. ☕️

Now, the position-based long/short ratio is where it gets juicy. It’s at 1.48, which means that while there are fewer long accounts, those still in the game are holding larger positions. Classic case of “the more, the merrier” — except in this case, it’s more like “the fewer, the bolder.” Risk-off sentiment is in the air, while a brave little group is betting on a rebound. Go big or go home, right? 💪

Across all Binance XRP accounts, the broader long/short ratio is leaning towards shorts at 0.59. Almost two-thirds of traders are holding bearish positions. It’s like a gloomy cloud hanging over the top-tier accounts — more caution, less chasing. Someone pass the umbrella! ☔️

But here’s the kicker: XRP is still hanging out in its recent range, even with all this moodiness. The price is just above a support zone between $1.85 and $2.00, which has been tested more times than my patience in a queue. Any hopes for a price hike are still capped by resistance near $2.60 to $2.80. So far, XRP is playing hard to get, but historically, positioning and price don’t stay disconnected for long. It’s like a bad relationship — you can’t ignore the signs forever! 💔

Binance’s top traders aren’t predicting a crash; they’re just playing it safe. Most aren’t betting big either way. It’s a waiting game, folks: XRP isn’t breaking down, but the usual trendsetters are already adjusting their strategies. If XRP price decides to follow sentiment, that $2 zone might just feel the heat soon. 🔥

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2025-05-27 17:49