XRP is experiencing a sharp increase in short positions, rising over 650%, as its price falls below key support levels toward $1. Despite this bearish momentum, on-chain data shows significant whale accumulation and a reduction in XRP supply on exchanges, especially Binance, suggesting tightening supply. This contrast between technical weakness and supply signals raises the possibility that the current downtrend could be a bear trap, catching short sellers off guard if the price rebounds. Investors should watch these supply patterns closely for potential market shifts.
XRP's recent surge in short positions contrasts with its current trading on Pluang, where as of Nov 06, 2026 22:22 WIB, XRP is priced at Rp21.420, down 5.99% over the past day. The market shows a strong sell bias with 66% of orders to sell and a circulating supply of 63.5 billion XRP out of 100 billion total. Typical hold time on Pluang is 73 days, indicating a moderate-term investor interest despite recent volatility.
Binance's XRP reserves increased by about 280 million tokens within 48 hours, rebounding after a $6.34 billion security breach on October 29. The exchange's holdings rose from 2.35 billion to 2.63 billion XRP, reflecting efforts to replenish stolen a...
Ripple CEO Brad Garlinghouse called on the incoming U.S. Congress, which Democrats now control, to establish clear federal regulations for digital assets. Despite a stalled measure in the Senate due to Democratic opposition, Garlinghouse highlighted ...
XRP fell about 10% on November 6, hitting an 11-week low near $1.18 after a failed rebound attempt to $1.35 collapsed amid a broader cryptocurrency selloff. This drop reflects weakening investor sentiment, with XRP losing key support levels and its m...
XRP experienced a sharp 9.3% decline on November 6, falling from $1.3 to $1.18 and losing about $7.8 billion in market cap amid a broad risk-off move in financial markets. The sell-off was driven by concerns over potential AI regulation, which pressu...
Bitcoin holds the largest open interest in crypto perpetual futures at $7.71 billion, though it fell slightly by 0.88% over 24 hours. Ether saw the biggest 24-hour growth in open interest, rising 4.24% to $5.74 billion, signaling increased trader act...
