Binance recorded a net inflow of $19.05 million in XRP in just 24 hours, signaling increased bullish sentiment.
XRP derivatives data shows a surge in trading volume by 68% to $6.75 billion, but a decrease in open interest and options volume suggests traders are focusing on short-term gains.
XRP long/short ratio on Binance is at 3.43, indicating a bullish outlook, with significant liquidation of short positions in the past 24 hours.
Exchange flow analysis indicates Binance had a much higher net inflow of XRP compared to Coinbase and Bitstamp, reflecting heightened activity and interest in XRP.