Both Cardano (ADA) and XRP have experienced notable price rebounds, fueled by a wave of short positions that have added complexity to their market outlooks. Despite initial gains, these altcoins faced renewed selling pressure, signaling potential volatility ahead.

Surge in Short Positions and Market Response

Cardano saw a brief surge of over 4%, briefly entering positive territory before retracing to trade at $0.39.&middot

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