XRP bulls might need backup — because the bears haven’t left the arena yet.
Despite bullish EMAs and on-chain uptick last week, short sellers are still calling the shots, and $2.05 is now the level everyone’s watching. 👀
🔍 Market Breakdown:
📉 Funding rates remain flat-to-negative — sign of short pressure still hovering
📊 Open interest climbing — but it’s mostly bearish stacking, not breakout longing
⚠️ $2.05 is the key battleground — loss of this level could open floodgates toward $1.80
📉 RSI showing signs of fading strength — no divergence bounce yet
🧠 My Take:
Yes, XRP has bullish structure on higher timeframes...
But let’s be real — market doesn’t care about fundamentals in chop zones.
Until $2.30+ breaks with volume, this is a shorter’s paradise, not a moon mission 🚫🌕
This is where smart money either hedges — or waits for liquidation wick entries 👌
No hopium. Only data-driven positioning.
💬 Bulls, are you still holding strong — or waiting for the flush?
👇 Drop your XRP game plan &
