In Brief:
- XRP margin longs increased 3.13% to 5.28 million tokens, showing traders rebuilt bullish exposure following the September 20 market sell-off.
- XRP trades above its five-week, 10-week, and 30-week moving averages, confirming an improving weekly structure supported by renewed buying momentum.
- Bollinger Band and RSI readings favor buyers, although sustained spot demand remains essential for extending XRP’s rally beyond current resistance.
XRP traders are rebuilding leveraged long positions as improving momentum strengthens expectations that the cryptocurrency could further extend its rally. According to data from TradingView, XRP margin longs increased 3.13% following the September 20 sell-off, reaching 5.28 million XRP.
This increase shows that bullish traders are returning to derivatives with greater confidence while positioning for additional gains across the market. Based on the change, margin longs previously stood near 5.12 million XRP, indicating that traders added roughly 160,000 XRP.
XRP Long Positions and Weekly Averages Reflect Renewed Confidence
Long positions generate profits when prices rise, although leverage significantly magnifies losses whenever markets reverse against bullish traders’ expectations. Therefore, expanding exposure reflects optimism, but XRP still requires sustained spot demand and trading volume to maintain its advance.
The Binance XRP/USDT perpetual chart places XRP at $1.4248, above all three important weekly moving averages. Its five-week average stands at $1.3909, while the 10-week and 30-week averages remain at $1.2695 and $1.2820.
Also Read:Â Analyst Maps XRP Path Toward $589 but Sets Three Conditions
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Consequently, XRP has reclaimed every key indicator, confirming an improving structure that could support another attempt toward $1.4541 resistance. Holding above $1.3909 would preserve momentum, whereas losing that average could expose support between $1.2695 and $1.2820.
XRP Tests Upper Bollinger Band
Market data shows XRP near $1.48725, representing a 5.46% gain at the time of the analysis. Moreover, XRP moved above the upper Bollinger Band at $1.48648, showing momentum while increasing the possibility of short-term profit-taking.
Additionally, XRP’s Relative Strength Index reached 62.36, remaining above its 53.79 moving average and indicating that buyers retained control. This reading currently supports further gains without placing XRP inside overbought territory, which begins when the indicator crosses above 70.
Source: TradingView
A sustained close above $1.48648 could strengthen the structure, whereas rejection may return XRP toward the $1.38225 midpoint. Nevertheless, spot participation remains essential because leveraged positioning and favorable indicators cannot independently guarantee an extended XRP rally.
Also Read: Bitcoin Reclaims 50-Week Moving Average After 45 Weeks Below Crucial Price Level
