76% XRP traders choose to go long: Good news for the altcoin?

Quick Summary:

76.54% of Binance traders go long on the XRPUSDT pair, while 23.46% go for short positions.

As of now, the major liquidation levels were $0.519 on the lower side and $0.541 on the upper side, with traders being over-leveraged at these levels, according to Coinglass data.

However, another on-chain metrics supporting this bullish outlook was XRP’s Open Interest (OI)-Weighted Funding Rate, which was at +0.0097% at press time.

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Article Details

Author / Journalist: Chanakya

Category: Crypto

Markets: United States

Topics: Ripple News 1 Altcoin Trading View News Ambcrypto Social

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-06 @ 16:00:58 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 602 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 22911788

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

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