XRP Longs vs. Shorts: The Numbers Behind the $1 Battle Aren’t What They Seem
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3 Articles
Why is XRP falling below $1 even as Ripple expands its banking footprint?
Ripple (XRP) remains under pressure on Tuesday as uncertainty across the broader cryptocurrency market and weak technical momentum weigh on the altcoin. XRP has slipped below the key $1.00 level. Mixed derivatives and on-chain indicators point to cautious sentiment, leaving XRP at risk of additional losses. Derivatives traders maintain bearish bias CoinGlass data shows that the long-to-short ratio for XRP stands at 0.92, near its lowest levels i…
XRP again fights for the level of $1 in a session full of contradictory signals. As Binance operators open up more and more bassist positions, the big investors — whales — have reduced their deposits to at least four years. The result is a battle between a selling market and an offer that, in parallel, is running out. The XRP Ledger cryptocurrency is listed in the $0.998 environment at the close of this edition. Open interest in Binance marks a …
XRP Longs vs. Shorts: The Numbers Behind the $1 Battle Aren’t What They Seem
XRP’s fight to hold $1 has come with a side effect: a swirl of derivatives numbers that do not agree with each other. Open interest figures, long-short ratios, and taker volume splits have all been circulating this week, and Bird, a builder on the XRP Ledger, spent a long post untangling why none of them measure the same thing. Breaking Down the Real Numbers Bird’s starting point was open interest, the total value of futures contracts still open…
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