- XRP is seeing strong bullish sentiment as Binance traders hold more long positions than shorts.
- The token recently reached $3, targeting $3.60 and potentially $4 amid ongoing market optimism.
XRP is rising as more traders on Binance favor long positions over shorts. CoinGlass data shows the long/short ratio for XRP/USDT accounts at 3.05, meaning long positions are three times higher than shorts. Among top traders, this ratio jumps to 3.67, highlighting strong market optimism.
XRP Hits $3 and Eyes Higher Levels
The token recently reached $3, marking a 6% gain over the past week. Bulls are trying to break past the 50-day Simple Moving Average (SMA 50) at $3.01, a key resistance since September 9. If successful, XRP could climb to $3.60 and possibly $4.
Possible Price Movements
Analysts see two likely paths for XRP. One scenario is a direct breakout above $3.05, driving the price toward $3.60. The second is a slight pullback to $2.90 before moving higher to $3.60. Both scenarios point to bullish trends and growing trader confidence.
XRP’s Strong Yearly Performance
Over the past year, XRP has soared 468%, rising from nearly $0.50 in November 2024 to $3 today. This surge reflects renewed interest in Ripple and strong support from Binance traders. With continued buying pressure, XRP could reach higher targets if key resistance levels are broken.
As traders keep long positions, XRP’s next move will be closely watched. Breaking past $3.01 could push the token to $3.60 and even $4, marking a significant step in Ripple’s recovery.
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