XRP Unveiling the Grave Reality of One of the Most Vulnerable Cryptocurrencies to Short Selling What Should We Know

According to Santiment’s analysis, amid the recent turbulence in the cryptocurrency market, the XRP Ledger by Ripple Labs is expected to regain its bullish momentum. Despite recent market downturns, bearish remains frequent. XRP is paradoxically seen as potential “rocket fuel” to cope price surges. Santiment emphasizes that XRP, along with Cardano (ADA is one of the most heavily shorted digital assets. Patient bulls are positive about this shorting behavior since liquidation of these positions could lead to price increases.
The .9623 long/short ratio tends towards more short positions, reinforcing a bearish. The weekly liquidation heat map shows leverage concentrated near the $0.50 levelRead more:
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Key support lies between $0.48 and $0.50, with resistance near $0.52 level.
Volatility beyond these levels trigger significant liquidations.
Data
CryptoQuant’s research indicates a significant increase in XRP’s open interest (OI), showing growing expectations from investors for price increases and improved market liquidity and efficiency.
Market analysts optimistic about the potential of XRP, predicting its price to rise to $2. USD . Developments such as Ripple’s lawsuit against SEC and integration of XRP Ledger with Ethereum Virtual Machine (EVM) also impact long-term valuations of XRPWhile writing this article, XRP’s trading price stands at $0.48 USD , slightly lower over the past 24 hours; however, current conditions indicate potential for a reversal . A high amount of bearish position activity combined with elevated liquidation leverage sets up conditions for potential short squeezes and subsequent price rises.