XRP Under Siege: Traders Pile Into Short Positions as Sentiment Sours
XRP faces a brutal reckoning as derivatives traders flip bearish—short interest surges while bulls retreat. The once-bullish asset now battles a wave of skepticism, with market dynamics shifting faster than a crypto influencer’s allegiance.
Short squeeze incoming—or just another day in the casino? Either way, the ’smart money’ is placing bets against Ripple’s darling, proving once again that crypto markets have the attention span of a golden retriever on espresso.
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The pessimistic trend is also evident in the long/short ratio, which has hovered beneath 1 since early May. According to Coinglass, the ratio currently stands at 0.94—another signal that market participants are leaning heavily into short positions, betting on a continued price decline.
This shift isn’t being driven by temporary volatility alone. The extended preference for shorts suggests a broader market expectation that XRP is heading lower, with traders recalibrating their strategies around that sentiment.
Unless momentum flips and buyer demand returns, XRP may face additional downside in the near term, especially if its key technical levels fail to hold.
