You Won’t Believe What Binance Data Is Telling Us About XRP’s So-Called Bull Run 🤑

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If you’d asked me last week about my feelings on Ripple (XRP), you’d have found me in a bathrobe, clutching a mug of decaf and muttering, “Don’t ask me about crypto before noon.” But apparently, XRP didn’t get the memo. It roused itself, leapt 20% in seven days, and swaggered past Tether (USDT) like it was overtaking a tourist with selfie-stick on the sidewalk. Now, XRP is jostling for position among the Bitcoin and Ethereum cool kids, which is ironic, as I don’t think anyone has ever described Ripple as ‘fun’ at a party.

XRP Battles $2.60 Because Even Digital Coins Get Performance Anxiety

Currently, $2.60 appears to be Ripple’s Everest—except people actually manage to climb Everest. XRP has bonked its head on this price ceiling twice in two weeks, backed by Binance futures traders behaving like they’re starring in Wolf of Wall Street: Meme Edition. The Taker Buy/Sell ratio has hit 0.91—crypto-speak for “short sellers are cackling behind their screens”—yet XRP just clings to the $2.30–$2.60 band, as if it’s not sure if it’s allowed inside.

If you track the open interest (OI) in Ripple, and I highly recommend doing so with a cocktail, you’d notice a $344 million rise in the last six days. It’s almost as if retail investors remembered their Binance passwords during a commercial break and decided, “Why not? Let’s get a bit reckless again.”

Enter BorisVest (no relation to the one in my closet that smells faintly of despair), a CryptoQuant analyst, who claims that the funding rate shows a mild short squeeze is underway. ‘Mild’ feels optimistic. As of now, there’s an equal number of longs and shorts—an ideal balance, if you’re a scale or a yoga instructor. But with short positions rising, a squeeze feels as inevitable as family drama at Thanksgiving dinner. The result? XRP could inflate faster than my sense of self-worth after successfully assembling IKEA furniture.

Summing up the Binance data in terms any anxious parent can appreciate: the bullish momentum refuses to nap, possibly jacked up on sugar, with $3 in its sights and a plan to make 2025 less of a cautionary tale.

The XXRP ETF: Because Regular Ripple Wasn’t Confusing Enough 🚀

Here’s tonight’s plot twist: the very first XRP ETF (because why leave regular crypto traders to their own devices?) smashed the $100M mark in net assets. Teucrium’s XXRP—launched in April, presumably after a morning espresso—now boasts $117M and 2.7 million shares out in the wild.

Institutional bigwigs are piling in with the sort of enthusiasm I usually reserve for baked goods. This apparently helps absorb sell-side pressure, though nobody has adequately explained why short-sellers can’t just take up macramé instead. If retail buyers join in, Ripple will have all the ingredients for a classic crypto rally: confusion, optimism, and a flair for the dramatic.

Bulls Hope to Drag XRP Kicking and Screaming to $3.40 🐂💥

If technical patterns were dating advice, XRP would be ghosting resistance lines—all while ‘holding above key support’ like a teenager holding onto WiFi at grandma’s house. Should it finally close above this resistance, analysts say it might shoot for a new all-time high at $3.40. I, for one, will be celebrating with a lukewarm seltzer if that happens.

things look explosive, and if you blink you might miss the rumored fireworks.

So with Binance futures hinting at more bull territory and the first U.S. XRP ETF pulling in cash like there’s no tomorrow, Ripple could finally breach $3—pending, of course, that it remembers to actually break above $2.60 first. Me? I’ll be right here, feigning confidence and double-checking my spam folder for any sign of XRP’s apology to Tether.

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2025-05-14 17:56