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Data from this platform also shows that over 71% of XRP whales and traders are currently betting on higher prices across all major timeframes. The data for long/short ratio indicates a steady bullish view, with the ratio of 2.51 daily.
This implies that long positions outnumber the shorts by more than twice the number. The proportion increases to 2.64 on a shorter timeframe such as 5 minutes and 1 hour. These metrics indicate strong market conviction that XRP will continue rising.