One of the Largest Short Positions In XRP History Is Building Up

Crypto markets rarely telegraph their next move clearly, but November 4 may have been an exception. Crypto commentator Xaif (@Xaif_Crypto) posted data showing XRP short positions on Bitfinex surged 652.89% to 468.2 million. He described it as “one of the largest short-position buildups in XRP history.” The scale of the positioning immediately raised a question that traders are now asking themselves: what happens if XRP’s price keeps moving up? A Historic Level of Short Interest Short positions are bets that an asset’s price will decline. Traders who open them profit when price falls and lose when it rises.

Source: Times Tabloid