XRP’s Rising Shorts Offer Hope: $1.34 Remains The Test
Photo: DailyCoin
A fresh build-up of XRP shorts could help set up a recovery rather than simply deepen losses, according to Cilinix Crypto’s latest market update. The YouTube channel’s host argues that rapidly falling funding rates may signal increasingly crowded bearish positioning—but without a reclaim of $1.34 or another decisive price move, the downside scenario still carries more weight. “Potentially we’re getting kind of, you know, exhausted with shorts,” Cilinix said. That is a possibility, not confirmation of a bottom: the host wants to see a liquidation spike, a capitulation move or a recovery of lost technical levels before treating the shift…
Source: DailyCoin
