XRP Short Traders Flashing 5 Panic Signals as White House Summit Sparks Fresh BTC Speculations

Quick Summary:

XRP price has faced downside pressure in the wake of the White House Crypto Summit, but a shift in derivatives market trends suggests a potential bullish rebound in the near term.

XRP price remains resilient at the $2.35 level despite recent selling pressure, with technical indicators suggesting a potential rebound toward $2.50.

Binance XRP/USDT accounts show a long/short ratio of 3.6642, while OKX traders hold a 2.71 long/short ratio, reinforcing that bullish sentiment is returning despite the broader market’s hesitation.

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Article Details

Author / Journalist: ibrahim

Category: Crypto

Markets: India

Topics: XRP price Ripple (XRP) Ripple Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-08 @ 20:00:29 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 771 words

Reading Time: 5 minutes read

Sentences: 49 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 26746430

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About CoinGape

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Official Website: coingape.com

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