{"id":111220,"date":"2024-10-06T23:50:58","date_gmt":"2024-10-06T16:50:58","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=111220"},"modified":"2024-10-06T23:50:58","modified_gmt":"2024-10-06T16:50:58","slug":"76-54-binance-traders-long-on-xrpusdt-pair-what-nexts","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=111220","title":{"rendered":"76.54% Binance traders long on XRPUSDT pair, What next&#8217;s?"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<ul>\n<li><em><span style=\"font-weight: 400;\">XRP\u2019s Futures Open Interest has shown positive growth of 2.3% in the past four hours.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">XRP\u2019s OI-Weighted Funding Rate indicated that traders were bullish, as long positions were paying short positions.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In the ongoing sideways cryptocurrency market, <a href=\"https:\/\/ambcrypto.com\/predictions\/ripple-price-prediction\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">XRP<\/a> traders on Binance appeared bullish as they significantly increased their long positions over the past four hours until press time. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to the on-chain analytics firm Coinglass, 76.54% of Binance traders went long on the XRPUSDT pair, while 23.46% preferred short positions.<\/span><\/p>\n<h2><b>Binance traders go long on XRP<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">This significant long position on Binance suggested that traders were optimistic about XRP\u2019s price increasing in the coming days. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, this bet on the notable long position occurred when XRP was struggling to gain momentum near the strong support level of $0.52.<\/span><\/p>\n<div id=\"attachment_430579\" style=\"width: 1751px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-06-134744.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" aria-describedby=\"caption-attachment-430579\" decoding=\"async\" class=\"wp-image-430579 size-full\" alt=\"XRPUSDT pair\" width=\"1741\" height=\"417\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-06-134744.png 1741w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-06-134744-300x72.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-06-134744-1024x245.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-06-134744-768x184.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-06-134744-1536x368.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-06-134744-1200x287.png 1200w\" data-lazy-sizes=\"(max-width: 1741px) 100vw, 1741px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-06-134744.png\"\/><img loading=\"lazy\" aria-describedby=\"caption-attachment-430579\" decoding=\"async\" class=\"wp-image-430579 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-06-134744.png\" alt=\"XRPUSDT pair\" width=\"1741\" height=\"417\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-06-134744.png 1741w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-06-134744-300x72.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-06-134744-1024x245.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-06-134744-768x184.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-06-134744-1536x368.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-06-134744-1200x287.png 1200w\" sizes=\"auto, (max-width: 1741px) 100vw, 1741px\"\/><\/a><\/p>\n<p id=\"caption-attachment-430579\" class=\"wp-caption-text\">Source: Coinglass<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">At press time, XRP was trading near $0.529 and has experienced a price decline of 0.65% over the past 24 hours. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, traders and investors remained hesitant to participate, as its trading volume has dropped by 50% compared to the previous day.<\/span><\/p>\n<h2><b>XRP\u2019s bullish on-chain metrics<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Despite the fear in the market, XRP\u2019s Futures Open Interest has shown positive growth of 2.3% in the past four hours. This indicated that traders\u2019 bets are increasing, which could be a bullish signal for XRP holders.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As of now, the major liquidation levels were $0.519 on the lower side and $0.541 on the upper side, with traders being over-leveraged at these levels, according to Coinglass data.\u00a0<\/span><\/p>\n<div id=\"attachment_430580\" style=\"width: 1485px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/kdnvkjdnvdivmd.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" aria-describedby=\"caption-attachment-430580\" decoding=\"async\" class=\"wp-image-430580 size-full\" alt=\"major liquidation levels \" width=\"1475\" height=\"627\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/kdnvkjdnvdivmd.png 1475w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/kdnvkjdnvdivmd-300x128.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/kdnvkjdnvdivmd-1024x435.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/kdnvkjdnvdivmd-768x326.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/kdnvkjdnvdivmd-1200x510.png 1200w\" data-lazy-sizes=\"(max-width: 1475px) 100vw, 1475px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/kdnvkjdnvdivmd.png\"\/><img loading=\"lazy\" aria-describedby=\"caption-attachment-430580\" decoding=\"async\" class=\"wp-image-430580 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/kdnvkjdnvdivmd.png\" alt=\"major liquidation levels \" width=\"1475\" height=\"627\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/kdnvkjdnvdivmd.png 1475w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/kdnvkjdnvdivmd-300x128.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/kdnvkjdnvdivmd-1024x435.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/kdnvkjdnvdivmd-768x326.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/kdnvkjdnvdivmd-1200x510.png 1200w\" sizes=\"auto, (max-width: 1475px) 100vw, 1475px\"\/><\/a><\/p>\n<p id=\"caption-attachment-430580\" class=\"wp-caption-text\">Source: Coinglass<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">If the market sentiment shifts to negative and the price of XRP falls below the $0.519 level, nearly $10.21 million worth of long positions will be liquidated. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Conversely, if sentiment improves and the price soars to the $0.541 level, approximately $8 million worth of short positions will be liquidated.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, another on-chain metrics supporting this bullish outlook was XRP\u2019s Open Interest (OI)-Weighted Funding Rate, which was at +0.0097% at press time. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">A positive Funding Rate indicated that traders were bullish, as long positions are paying short positions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Combining the data from the Long\/Short Ratio, Futures Open Interest, liquidation levels, and Funding Rate, it appeared that bulls were currently dominating the asset, with expectations that prices will rise.<\/span><\/p>\n<h2><b>XRP technical analysis and key levels\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">According to AMBCrypto\u2019s technical analysis, XRP has been consolidating within a tight range between $0.518 and $0.545 for the past three days, near the crucial support level of $0.52. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, a breakout from this consolidation zone will determine the next movement in XRP\u2019s price.<\/span><\/p>\n<div id=\"attachment_430581\" style=\"width: 1824px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/XRPUSDT_2024-10-06_16-59-37-e1728214231162.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" aria-describedby=\"caption-attachment-430581\" decoding=\"async\" class=\"wp-image-430581 size-full\" alt=\"XRP technical analysis\" width=\"1814\" height=\"803\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/XRPUSDT_2024-10-06_16-59-37-e1728214231162.png 1814w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/XRPUSDT_2024-10-06_16-59-37-e1728214231162-300x133.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/XRPUSDT_2024-10-06_16-59-37-e1728214231162-1024x453.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/XRPUSDT_2024-10-06_16-59-37-e1728214231162-768x340.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/XRPUSDT_2024-10-06_16-59-37-e1728214231162-1536x680.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/XRPUSDT_2024-10-06_16-59-37-e1728214231162-1200x531.png 1200w\" data-lazy-sizes=\"(max-width: 1814px) 100vw, 1814px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/XRPUSDT_2024-10-06_16-59-37-e1728214231162.png\"\/><img loading=\"lazy\" aria-describedby=\"caption-attachment-430581\" decoding=\"async\" class=\"wp-image-430581 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/XRPUSDT_2024-10-06_16-59-37-e1728214231162.png\" alt=\"XRP technical analysis\" width=\"1814\" height=\"803\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/XRPUSDT_2024-10-06_16-59-37-e1728214231162.png 1814w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/XRPUSDT_2024-10-06_16-59-37-e1728214231162-300x133.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/XRPUSDT_2024-10-06_16-59-37-e1728214231162-1024x453.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/XRPUSDT_2024-10-06_16-59-37-e1728214231162-768x340.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/XRPUSDT_2024-10-06_16-59-37-e1728214231162-1536x680.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/XRPUSDT_2024-10-06_16-59-37-e1728214231162-1200x531.png 1200w\" sizes=\"auto, (max-width: 1814px) 100vw, 1814px\"\/><\/a><\/p>\n<p id=\"caption-attachment-430581\" class=\"wp-caption-text\">Source: TradingView<\/p>\n<\/div>\n<hr\/>\n<p style=\"text-align: center;\">Read <a href=\"https:\/\/ambcrypto.com\/predictions\/ripple-price-prediction\" data-wpel-link=\"internal\">XRP\u2019s Price Prediction<\/a> 2024\u20132025<\/p>\n<hr\/>\n<p><span style=\"font-weight: 400;\">Based on the historical price momentum, if XRP breaches the zone and closes a daily candle above the $0.545 level, there is a strong possibility that it could soar by 17% to reach the $0.65 level. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Conversely, if XRP breaches the lower boundary of the consolidation zone and closes a daily candle below $0.515, it could decline by 12% to $0.455 in the coming days.<\/span><\/p>\n<div class=\"post-nav\">\n<div class=\"next-blog\">\nNext: <a href=\"https:\/\/ambcrypto.com\/avax-breaks-this-bearish-pattern-whats-next-for-price\/\" rel=\"prev\" data-wpel-link=\"internal\">AVAX breaks this bearish pattern \u2013 What\u2019s next for price?<\/a> <\/div>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/ambcrypto.com\/76-xrp-traders-choose-to-go-long-good-news-for-the-altcoin\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP\u2019s Futures Open Interest has shown positive growth of 2.3% in the past four hours. XRP\u2019s OI-Weighted Funding Rate indicated that traders were bullish, as long positions were paying short &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=111220\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-111220","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/111220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=111220"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/111220\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=111220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=111220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=111220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}