- On Binance, 70.33% of XRP futures contracts are long, which shows that traders are very optimistic.
- Expectations are high for a favorable SEC decision and potential changes with Trump in office.
- XRP is showing short-term bearish patterns with downside risks to $1.07–$1.50.
XRP traders on Binance are quite positive about the price action of the altcoin in the future. According to cryptocurrency analyst Ali Martinez, the crypto exchange is showing that 70.33% of XRP futures positions on Binance are long in current positions.
In a recent post on X, Martinez referenced this data to denote how the market’s sentiment agrees with these numbers. Moreover, despite the sideways consolidation of XRP after a strong close in 2025, the altcoin continues to enjoy optimism from a large portion of the crypto community. Though it does XRP’s price trend in current market indecision, there is still hope on the break of XRP to the upside.
Investment sentiment is greatly influenced by the ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC). However, many of the market participants believe that Ripple has what it takes to make its way out of these legal problems, especially given the recent changes in regulatory leadership. Speculation has also grown up that, following Donald Trump’s inauguration on January 20, his SEC administrators might take a more conciliatory tone about resolving the lawsuit that has dragged on for years.
At the same time, XRP is very undervalued as a consequence of said legal proceedings being harmed on the market for such a prolonged time. A favorable ruling or settlement could breathe positive life back into the momentum if it happens, and so they suggest, back on its feet and pushing up the token price.
Besides legal optimism, XRP’s addition to the US Treasury’s list of the cryptocurrencies that are being considered for stockpile has also fertilized the bulls’ sentiment. If this scheme comes to pass, it will be a big deal in the adoption of institutional solutions. A sincere recognition like this could entice other retail involvement to bolster XRP’s standing in the larger crypto market, they explain.
XRP Price Analysis
According to Coinmarketcap data, XRP is trading at $2.08, showing a decline of 3.6% as of April 6. In recent sessions, the token is resisting and trading below its 7D ($2.20) & 11D ($2.29) moving averages, which indicates short-term bearish pressure. The long-term key resistance level is at the 99-day moving average of $2.52. Looking at it from a Fibonacci level, with a recent swing high of $3.50 and a swing low of $1.75, your XRP has a bunch of resistance at 23.6% at $2.35, followed by $2.65, $2.90, and $3.15 for break out.
But the technical outlook is mixed. On the charts, XRP has displayed bearish patterns like an inverse cup and handle that can sink the price by 25% to the $1.50 level as the price has shown. A head and shoulders pattern is also beginning to form, with some analysts estimating the fall may fall to $1.07 if the neckline support is not broken. This would prompt caution in the short term.
Despite bearish patterns, several analysts are bullish. A breakout above the $2.35–$2.50 range can spur an upward movement, and long-term forecasts predict an upward movement along the way to prices of $4. Furthermore, a Korean Elliott Wave analyst shared his predictions that XRP will make its way to $10–$20. However, there are still downside risks valid, and there are a few critical levels to watch between $1.07 and $1.50.
To recap, XRP is in an important stage where trading on a tight range is present and hints to accumulation as well as potential downside. As it continues to operate in the uncertain short-term landscape, traders and investors are advised to watch technical telltale signs and macro developments.
