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Binance Data Highlights Silent Massive XRP Accumulation, Signaling a Mega Price Eruption

  • Data from Binance suggests XRP sellers increasing selling pressure, met by buyers silently accumulating XRP, potentially signaling a bullish breakout.
  • Open interest for XRP on Binance futures hit an all-time high of $1.5 billion before dropping to $530 million, clearing leveraged positions and sparking renewed trader interest.
  • Market analysts see a potential short squeeze as funding rates turn negative during corrections, with current neutral rates indicating an upward push for XRP and a mild squeeze in progress.
  • Taker Buy/Sell Ratio on Binance at 0.91 indicates strong market selling, potentially leading to absorption of sellers and hinting at a bullish trend. With XRP trading above $2 at $2.58, signs of market speculation and stability are evident.

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