Binance Traders Fuel XRP’s Surprising Resurgence Amid Market Volatility

XRP is making a notable comeback, driven by renewed investor interest and bullish sentiment on Binance. Despite ongoing network volatility, traders are overwhelmingly optimistic, with 70% of positions on Binance being long. This article delves into the data and trends behind XRP’s unexpected revival.

XRP’s Surprise Comeback? The Shocking Data Shaking Crypto Investors

XRP is experiencing a resurgence in investor interest, fueled by bullish market sentiment and heightened activity on Binance. Traders are overwhelmingly betting on the cryptocurrency, with 70% of positions on Binance being long. This Optimism persists despite ongoing volatility in XRP’s network activity, where spikes in active addresses reflect lingering uncertainty among investors.

Data from Coinglass underscores the prevailing bullish stance, revealing a significant skew toward long positions. The market’s renewed focus on XRP suggests a potential shift in trader sentiment, though the underlying volatility warrants caution.

UK Judges Reject BSV Investors’ $13.3B Claim Against Binance Over 2019 Delisting

The UK Court of Appeal dismissed the bulk of a $13.3 billion class action lawsuit filed by Bitcoin SV (BSV) investors against Binance. The claimants alleged that Binance and other major exchanges colluded to delist BSV in 2019, stunting its growth potential. The court ruled the damages were speculative, particularly the comparison of BSV’s projected growth to Bitcoin’s.

BSV Claims Limited’s argument hinged on hypothetical gains rather than demonstrable losses. The judges permitted only smaller claims for actual losses to proceed, rejecting the broader narrative of suppressed valuation. Binance’s legal victory underscores the challenges of attributing market underperformance to exchange delistings.