🚨 Discussion question: Will short whales fall into the Short Squeeze for $XRP ?
The derivatives data for $XRP at the current 1.51$ level is terrifying; there are heavily concentrated Short sell positions for whales totaling over $163 million, trapped in the red below their average entry (1.30$) and bleeding heavily, while buyers (Longs) are in control with a success rate exceeding 86%.
With the XRPL network upgrade (Batch V1.1) approaching on September 29, will buyers manage to blow up the price and sweep through the $1.70 levels by liquidating these shorts (Short Squeeze), or do the sellers have another defensive wall?
#XRPRises8% #XRPRealityCheck
#Xrp🔥🔥
The derivatives data for $XRP at the current 1.51$ level is terrifying; there are heavily concentrated Short sell positions for whales totaling over $163 million, trapped in the red below their average entry (1.30$) and bleeding heavily, while buyers (Longs) are in control with a success rate exceeding 86%.
With the XRPL network upgrade (Batch V1.1) approaching on September 29, will buyers manage to blow up the price and sweep through the $1.70 levels by liquidating these shorts (Short Squeeze), or do the sellers have another defensive wall?
#XRPRises8% #XRPRealityCheck
#Xrp🔥🔥
