XRP Defies the Odds: New Data Sparks Frenzy Among Crypto Traders

Ripple’s embattled token stages an unexpected rally—just as Wall Street pundits wrote it off. Again.

Behind the numbers: On-chain metrics reveal whale accumulation and exchange outflows that scream ’bullish divergence.’ Meanwhile, Bitcoin maximalists scramble to explain why their ’dead altcoin’ narrative keeps backfiring.

The comeback no one predicted: XRP’s 30-day volume spikes 240% as regulatory clarity finally dawns. Cue the institutional FOMO—because nothing moves markets like hedge funds chasing last quarter’s winners.

Closing thought: In crypto, the only thing more predictable than vaporware projects collapsing is the financial press missing every actual trend. Happy trading.

In Brief

• Crypto traders are heavily betting on XRP, with 70% long positions despite persistent volatility.
• Network activity remains unstable, with spikes in active addresses highlighting crypto investors’ uncertainty.

The numbers speak for themselves: crypto traders are heavily betting on XRP

On the crypto exchange Binance, more than 70% of positions on theare long positions. This signal indicates strong bullish anticipation from cryptocurrency investors.

Another fact reported by data from Coinglass: the proportion of long positions remains high even during drops in XRP’s price. They often exceed 60%. This reflects a confident market sentiment, where every dip is seen as a buying opportunity.

Admittedly, a slight rise in short positions caused some doubt around May 19. However, crypto traders quickly returned to buying.

Finally, and importantly, the long/short ratio also recovered, demonstrating the typical resilience of a. This dynamic could signal a new bounce for the XRP crypto asset, especially if technical signals remain positive.

Active XRP addresses reveal strong volatility in the crypto network

Alongside the, XRP network activity remains unstable. According to Glassnode, active addresses ranged from 38,000 to over 44,000 between May 12 and May 17. Currently, they have dropped below 30,000.

This FLOW highlights some nervousness within the crypto community, potentially linked to fluctuations in the XRP price. However, thismight also be interpreted as a temporary resurgence of interest from users or institutional investors.

At the time of writing this article, the XRP token is trading at $2.08. It thus records a 1.28% increase over 24 hours.

Despite optimistic signals about XRP, the future of this crypto asset remains uncertain. Traders will need to stay vigilant against persistent volatility in the crypto markets.

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