Best Source for Crypto News Cryptopostal Is All Crypto Info logo Best Source for Crypto News Cryptopostal Is All Crypto Info logo
Crypto Potato 2025-04-15 07:23:05

Is XRP in Trouble? Last Time This Happened Ripple’s Price Dumped by 25%

TL;DR Binance futures traders have turned bullish on Ripple’s cross-border token, opening mostly long positions. However, history shows that such developments have been followed by a price correction. Could history repeat itself now? 66.86% of traders in Binance with open $XRP positions are going long! pic.twitter.com/oDL2NsUzHq — Ali (@ali_charts) April 15, 2025 Renowned crypto analyst Ali Martinez posted on X that the majority of futures traders on Binance who are betting on XRP’s future price moves have turned bullish, with 66.86% of all positions opened being long. Although this might sound like positive news at first, a deeper look into XRP’s price performance following such developments tells a different story. Recall that Binance futures traders were even more bullish on April 5-6, when the percentage of longs exceeded 70%. Just a day later, though, Ripple’s token found itself dumping below the crucial $2 resistance to a multi-month low of $1.6. XRPUSD. Source: TradingView It’s worth noting that XRP was not an isolated asset when its price tumbled by 25% last week. The entire crypto industry, as well as Wall Street and other financial markets, plunged due to the escalating tension between the US and the rest of the world. Nevertheless, there was another, less painful example from late March. Back then, XRP stood at $2.4 when longs on Binance futures jumped past 72%. In the following hours, XRP actually gained some traction but dropped to $2.05 by the end of the month. Although history is no indication of future price moves, it certainly helps to observe and learn from it. After all, no investor/trader should forget the wise words from Warren Buffett – be greedy when others are fearful, and be fearful when others are greedy. The futures traders on Binance seem greedy now, at least when it comes down to XRP, which might have already priced in the SEC lawsuit closure, according to some analysts. The post Is XRP in Trouble? Last Time This Happened Ripple’s Price Dumped by 25% appeared first on CryptoPotato .

Cryptopostal Ads
fxdailyinfo ads
Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta