XRP Sees Unusual Imbalance Among Binance's Top Traders

Binance Traders Turn Bearish on XRP Amid Price Stability

Despite XRP's price holding steady around $2.33, a significant shift in sentiment is occurring among Binance's top traders. Recent data shows a clear trend toward short positions among the platform's highest-margin accounts.

Among the top 20% of accounts by margin balance, 58.7% now hold net short positions, while only 41.3% remain long. The account-based long/short ratio has fallen to 0.70, reflecting reduced bullish exposure as traders pull back from long positions.

The position-based long/short ratio presents a more nuanced picture at 1.48. While fewer accounts are going long, those that remain are maintaining larger positions—possibly anticipating a price rebound.

Across all Binance XRP accounts, the overall long/short ratio leans bearish at 0.59, with nearly two-thirds of traders holding short positions. This cautious stance mirrors the defensive positioning seen among top-tier accounts.

Despite shifting sentiment, XRP's price continues to trade within its recent range, hovering above the $1.85–$2.00 support zone. Resistance remains firm between $2.60 and $2.80. While XRP has yet to react to these positioning changes, historical patterns suggest the two factors rarely stay disconnected for extended periods.

Binance's top traders aren't predicting a major downturn but are clearly adopting a more defensive strategy. Most are avoiding large bets in either direction, opting instead for a wait-and-see approach. If price follows sentiment, the $2 support level could face increased pressure in coming sessions.