XRP just moved 2.4x BTC's drop and 3.9x ETH's weekly decline — in a market where shorts are now paying longs to stay short.
XRP is trading as the crypto market's leverage gauge right now, and the crowded-short setup looks more interesting than the selloff itself.
Down ~8-11% to ~$1.28 after the CLARITY Act failed Senate cloture 49-50. Funding hit -0.0094%, the most negative since June 28. XRP ETF inflows hit $0 on Sept 11.
Extreme negative funding has historically preceded short squeezes — this is a crowded downside bet, not a clean trend.
I'd watch whether a Hyperliquid whale (99% win rate) extends or closes their $1.36M XRP long after today's FOMC decision.
If funding flips positive post-Fed, does this turn into a squeeze?
#XRP #CryptoMarkets #FOMC
XRP is trading as the crypto market's leverage gauge right now, and the crowded-short setup looks more interesting than the selloff itself.
Down ~8-11% to ~$1.28 after the CLARITY Act failed Senate cloture 49-50. Funding hit -0.0094%, the most negative since June 28. XRP ETF inflows hit $0 on Sept 11.
Extreme negative funding has historically preceded short squeezes — this is a crowded downside bet, not a clean trend.
I'd watch whether a Hyperliquid whale (99% win rate) extends or closes their $1.36M XRP long after today's FOMC decision.
If funding flips positive post-Fed, does this turn into a squeeze?
#XRP #CryptoMarkets #FOMC