Bullish XRP Futures Hold Steady Despite Price Weakness
XRP futures continue to show bullish sentiment despite XRP's recent price weakness. The cryptocurrency has been trading at around $1.38, down 1.55% from its previous session.
Data from Binance and OKX shows that retail traders on both exchanges have a long/short ratio of over 2, indicating an extremely bullish position. Whale accounts also favor long positions on these exchanges, with ratios of 2.74 on Binance and 30.86 on OKX.
However, Smart Money signals are mixed across the two exchanges, with Binance's Smart Money showing an Extremely Bearish reading, while OKX's remains Extremely Bullish. Bybit also shows strong long positioning among retail traders and whale accounts, but its Smart Money signal is Extremely Bearish.
The data suggests that despite the recent price weakness, XRP futures traders remain confident in the cryptocurrency's future prospects.