As traders increase long positions, XRP's long holdings continue to rise, with net buying activity accelerating, indicating that the market is shifting towards accumulation ahead of potential price fluctuations. Market analysis firm CryptoBull pointed out that this trend suggests buyers are gaining dominance. Currently, XRP is trading at $1.39, holding the key support level of $1.40. Although approximately $50.8 billion in supply faces unrealized losses, the steadily increasing long positions reflect growing optimism in the market for a price breakout. However, leveraged positions could amplify price volatility.

XRP1.24%
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