đ¨ XRP: Calm Before the Storm? đ¨
After rejecting $3.50, $XRP has been consolidating in a narrow range between $3.00â$3.20. But donât let the sideways action fool you â under the surface, somethingâs building. đ
đ Open Interest hit an all-time high of $3.9B on Binance before cooling to $3.08B. Thatâs massive speculative capital pouring in â and when OI rises without major price action, itâs often the setup for a liquidation-driven move. đ
đ More shorts than longs: Long/Short ratio is now 0.96. Nearly 51% of traders are betting against XRP. Is this bearish conviction⌠or short squeeze bait? đ§¨
đŚ Exchange netflows remain positive â a signal of increased selling. If demand doesn't catch up, bulls could struggle to push past $3.20. But if inflows persist into Futures, we might see a squeeze that traps the shorts and sends XRP back to $3.5+ fast. đĽ
đ TL;DR:
â Market is coiled tight
â Sentiment leans bearish
â But setups like this often snap hard
Breakout or breakdown? Stay sharp. đŻ