$XRP just slipped under $1.30, and the 0.82 long-to-short ratio is screaming bearish right now.
Derivatives data shows shorts are crowding the trade, with 82 long positions for every 100 short bets. The coin’s sitting at $1.2979, down 1.19% over 24 hours, and neutral market sentiment at 51/100 means there’s no rush of buyers to prop it up.
The only thing that flips my short bias is a reclaim of the $1.333-$1.372 resistance zone. I’m not calling for a crash, but there’s no reason to chase longs until that band breaks. The $1.30 level is now support-turned-resistance, so bounces here will likely get sold into.
#Write2Earn #BinanceSquare #XRP #Futures #HalloweenPumpkinFrenzy
Derivatives data shows shorts are crowding the trade, with 82 long positions for every 100 short bets. The coin’s sitting at $1.2979, down 1.19% over 24 hours, and neutral market sentiment at 51/100 means there’s no rush of buyers to prop it up.
The only thing that flips my short bias is a reclaim of the $1.333-$1.372 resistance zone. I’m not calling for a crash, but there’s no reason to chase longs until that band breaks. The $1.30 level is now support-turned-resistance, so bounces here will likely get sold into.
#Write2Earn #BinanceSquare #XRP #Futures #HalloweenPumpkinFrenzy
