▫️ Short sellers have taken a dominant position in trading XRP, indicating a bearish sentiment in the market.
▫️ The negative shift in XRP's Funding Rate from positive to negative suggests a transition from buyer to seller dominance, with short sellers expecting further price declines.
▫️ Despite a slight recovery in XRP's price, the overall market conditions remain bearish, as evidenced by technical indicators like the Relative Strength Index (RSI) and moving averages on the daily chart, which suggest strong selling pressure and resistance to price recovery.
#BTC_Bounce_Back_to_57k #Ton_Coin_Surge #BinanceTurns7 #SOFR_Spike #BinanceTurns7
