Web3Educator
The current situation with XRP—calling it a split is putting it lightly.
The bullish arguments are solid: years of triangle consolidation are nearing an end, and the technicals have been pent up for too long. More importantly, ETF funds from the US are pouring in, with $900 million already invested. Institutions aren’t stupid—they wouldn’t throw money away for nothing.
But the bears also have their reasons. Whales are selling, and the contract data is even more striking—96% of positions are short! What does that mean? It’s practically a one-sided bet. Plus, there’s the long-standing issue of X
The bullish arguments are solid: years of triangle consolidation are nearing an end, and the technicals have been pent up for too long. More importantly, ETF funds from the US are pouring in, with $900 million already invested. Institutions aren’t stupid—they wouldn’t throw money away for nothing.
But the bears also have their reasons. Whales are selling, and the contract data is even more striking—96% of positions are short! What does that mean? It’s practically a one-sided bet. Plus, there’s the long-standing issue of X
XRP2.41%
