Are the shorts still loitering under the moving average, looking for a buyer to take the bag? The XRP chart couldn’t be any more obvious: smart money is taking sides. The bulls’ share on the whale accounts has been pushed to more than 70%, and the position multiplier has directly jumped over two times. These players are putting real cash behind the long side. In the derivatives market, contract positions have continued to stack up for nearly seven hours; the funding rate has posted eight consecutive positive readings, showing that leveraged capital hasn’t left—it’s still boarding. Spot market activity is even more intense: buy-side demand is nearly ten times higher than sell orders. Large buy orders are sweeping through the book as if they’re clearing inventory, emptying the chips the other side holds. I’m not interested in hearing any more “pullback” narratives. With this kind of bullish resonance on the order book, anyone who moves even a step slower will end up eating dust. More.
