$XRP is currently in an interesting zone where short-term bullish momentum is clearly visible. Price is trading at $1.4255 and over the last few days it has bounced from the $1.39 support and consolidated in the $1.42–$1.43 zone. TradingView's overall BIAS score is 5/7 bullish where Daily, 4H, 15Min, 5Min and 1Min are all showing bull trend. Only the Weekly timeframe is still bearish and 1H is running mixed — this indicates that a trend shift is happening but has not fully confirmed yet.
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#Interest data is quite encouraging. Total
#OI across all exchanges has reached $2.70B which is the highest recovery since March. Binance alone is carrying $484.49M OI. When OI increases and price also moves up together, it signals that fresh money is entering the market — this is generally bullish. CME also has $550.25M OI which is showing institutional interest.
Long/Short ratio is also showing dominance of longs. On Binance accounts the L/S ratio is 2.5051 and on OKX it is 2.81 — meaning retail traders are mostly on the long side. Top traders positions ratio is also 1.9399 which shows their bullish bias. Overall 24h L/S ratio at 0.9448 is slightly short-heavy but account-level data is leaning more towards longs.
Volume is definitely a concern — in 24 hours volume has dropped 39.61% and remained at only $1.94B. This indicates that conviction in the market is not strong right now. Volume needs to come back for bigger moves. Liquidation data is also mixed — on May 9 longs got liquidated at $73.72K and shorts at $47.72K — meaning both sides took losses which confirms the choppy price action.
The most important level right now is the $1.44 to $1.45 resistance zone. This level will need to be clearly broken for sustained upside. Below, the 200 MA at $1.3990 is acting as strong support. As long as price stays above this MA the bullish structure remains intact. If volume returns and $1.45 breaks then the next target can become $1.50 plus.
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