Binance Data Indicates XRP Accumulation on the Rise

Recent data from Binance suggests that XRP may be poised for a significant price increase. The Taker Buy/Sell Ratio on the exchange has reached an all-time high, indicating that more traders are buying XRP at market price.

CryptoOnchain, a market analyst, noted that this behavior is often followed by sustained bullish momentum in the near-term. The analyst cited the 30-day SMA of the Taker Buy ratio as evidence of intense accumulation, which has expanded to 0.495.