#XRP/USDTđ„đ„ XRP users are bullish, as evidenced by the altcoin's recent price movements. Last Monday, the cryptocurrency rose almost 30% without any exciting developments. However, further details show that the rise in prices was caused by the behavior of bullish speculative traders.#XRPđ
According to Coinglass data, the behavior of derivatives traders showed an increase in bullish bets from March 10 onwards; Bullish leveraged trades against XRP also increased significantly; Coinglass data shows that the volume-weighted funding rate for XRP increased from March 6 to March 12, increasing from 0.0140% to 0.0933%, indicating strong bullish sentiment among XRP traders.#XRP:
A favorable outcome from the trial could bolster investor confidence and motivate XRP bulls. Many believe that this will serve as a tailwind for altcoin prices to rise in the coming weeks.
According to TradingView, XRP will soon resume growth after an 11.5% correction and is trading at $0.68208 at the time of writing.$XRP
