CoinScoopXRP Faces Potential Short Squeeze Amid Aggressive Selling Pressure
XRP is trading near $1.48, showing a 15% gain over the period from September 16 to 28 despite a $430 million decline in cumulative spot volume delta. While short sellers have increased positions, net outflows from exchanges suggest accumulation. The asset faces immediate support at $1.50-$1.52 and resistance at $1.55-$1.60, with recent liquidations on Binance, Bybit, and OKX highlighting market volatility.
Summaries are written by AI from the original article. Not investment advice.