- 70.33% of XRP futures traders on the Binance exchange favor a price increase.
- XRP is trending sideways after consolidating from a notable rally in Q4 2024.
- A favorable judgment in the Ripple Vs SEC case could trigger a surge in XRP’s price.
XRP traders on the Binance cryptocurrency exchange are predominantly long and expect the altcoin’s price to increase. In his latest post on X, renowned cryptocurrency analyst Ali Martinez highlighted data from the crypto trading platform showing that 70.33% of futures positions on the platform are long.
Martinez used the highlighted metric to highlight the dominant sentiment about XRP, considering the cryptocurrency’s trend pattern and price action in the past few months. Coming from a bullish end to 2025, XRP retraced before consolidating sideways. The altcoin’s current trend suggests indecision despite more bullish expectations from most crypto community members.
Related Article: Top Trader Maps XRP Dip to $1.80, Then $5 Rally
It is worth noting that Ripple’s likelihood of overcoming the legal challenges from the US Securities and Exchange Commission (SEC) is playing a significant role in the bullish sentiment surrounding XRP. With the change in the SEC’s leadership following Donald Trump’s January 20 inauguration, many crypto users believe the new SEC leadership will adopt a more friendly approach to end the case between the Commission and Ripple.
In the meantime, most crypto users consider XRP an underpriced cryptocurrency following the ongoing litigation’s impact on its growth. Hence, they believe a favorable outcome for Ripple will boost XRP users’ confidence in the altcoin and restore the momentum, elevating the cryptocurrency’s price.
Related Article: The Trump Effect Part 2? XRP Eyes US Gov Disclosure After 33% Prior Surge
Apart from the potential end to the elongated court case, XRP’s inclusion in the list of cryptocurrencies the US Treasury plans to stockpile increased the cryptocurrency’s adoption sentiment. When achieved, that would mark a significant step toward the altcoin’s institutional adoption, encouraging more retail users to follow the cryptocurrency with a bullish approach.
Meanwhile, TradingView’s data show that XRP maintained a sideways trend at the time of writing. The cryptocurrency bounced off a $1.959 low, staying within the established horizontal range from January. The altcoin traded for $2.1229 following the bounce, reflecting the momentum that could push the price toward the range’s upper limit.
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