Crypto
Binance Top Traders Cling to XRP as Price Falls to $1.49
XRP has experienced a sharp decline in recent hours, falling from its previous high of $1.64 to around $1.49 as short-term selling pressure returned.
The token's price dropped by approximately 5.64% over the past 24 hours, with trading volume nearing $8.33 billion and market capitalization standing at around $93.74 billion, according to CoinMarketCap.
A key support level has developed around $1.48-$1.50, where the latest candle printed a lower wick after the selloff, indicating some buying response in this area.
Despite the pullback, top traders on Binance remain heavily long XRP, with approximately 70% of accounts positioned long and only about 30% short, as shown by the positioning chart.