Although XRP has not changed much in price lately, the mood among the top Binance traders is shifting. On May 27, data revealed a clear shift toward short positions among the platform’s highest-margin accounts, even though XRP continues to trade quietly around the $2.33 level.

Specifically, among the top 20% of accounts by margin balance, 58.7% are currently holding net short positions, while 41.3% remain long. The account-based long/short ratio is at 0.70, and the trend throughout the day has been consistent in its direction — a greater number of traders pulling back from the long side, and fewer willing to hold bullish exposure.

The position-based long/short ratio, on the other hand, tells a bit more complicated story. It came in at 1.48, suggesting that, although there are fewer long accounts, those still active are holding larger positions. It iss a familiar split: risk-off sentiment comes from the crowd, while a smaller group continues to take on size, possibly betting on a rebound.

Across all Binance XRP accounts, the broader long/short ratio is biased toward shorts at 0.59, with nearly two-thirds of traders holding bearish positions. The tone seen in top-tier accounts lines up with this: more caution and less chasing.

Yet, XRP remains within its recent range even with the shift in investor mood. The price is sitting just above a support zone between $1.85 and $2.00, which has been tested several times since early April and has held. Any upside moves are still capped by resistance near $2.60 to $2.80. So far, XRP has ignored positioning, but historically, the two do not stay disconnected for long.

Binance's top traders are not predicting a crash; they are simply positioning more defensively. Most are not betting big either way. It is a waiting market: XRP is not breaking down, but traders who usually lead the way have already started adjusting.

If XRP price follows sentiment, the $2 zone could see more pressure soon.