XRP Bulls Charge Ahead Despite Market Uncertainty

XRP, the native token of Ripple Labs, has garnered significant attention from traders despite the ongoing market uncertainty, appearing more bullish compared to other assets. On February 10, 2025, the overall cryptocurrency market showed signs of price recovery, with traders finding better opportunities in the XRP token.

Data from Binance, the world's largest cryptocurrency exchange, revealed a bullish sentiment among traders. The Binance XRPUSDT long/short ratio stood at 2.66, indicating that for every 2.66 long positions, there was only a single short position. Additionally, 73% of top XRP traders on Binance held long positions, while 27% held short positions, demonstrating strong interest from traders and attraction from long-term holders and whales.

Investors and long-term holders have been accumulating XRP tokens from exchanges, with a significant $12.50 million worth of XRP tokens flowing out of exchanges. This substantial outflow hints at potential accumulation and could lead to buying pressure and further upside momentum.

XRP's trading volume jumped by 48% compared to the previous day, but the price remained unchanged in the past 24 hours, trading near the $2.43 level. Despite the ups and downs in market uncertainty, XRP is still in an uptrend and is receiving support from the ascending trendline. However, this marks the fourth day of consolidation near this level. Based on the recent price action and historical patterns, if XRP holds above the $2.30 level, there is a strong possibility it could soar by 35% to reach the $3.30 level in the future.