XRP Longs on Bitfinex Spike Above 3-Week High of 5M Tokens
Photo: The Crypto Basic
The value of XRP longs on the leading exchange Bitfinex has risen above the 5 million-token mark again, marking a 3-week high. This recent increase suggests that traders are becoming more willing to bet on a price recovery after a period of falling long exposure and continued selling pressure . According to chart data, XRP longs on Bitfinex reached 5.088 million tokens on Oct. 20, worth more than $6.7 million at the prevailing price of $1.33 per XRP. Although the figure has slipped slightly since then, it remains above 5 million, with the metric currently standing at 5.080 million XRP.
Source: The Crypto Basic
