Summary
⚈ XRP long positions reached monthly highs with a 2.467 long/short ratio
⚈Despite bullish bets, XRP broke support and shows signs of further decline
⚈ RSI at 47.85 suggests token may stabilize but a rally is unlikely soon
XRP short sellers began jumping ship in early May, with the long/short ratio for the token showing that long positions have become the most prevalent they have been in over a month, once a very brief spike on the last day of April is excluded.
At press time on May 6, the ratio for XRP stands at 2.467, its highest reading since the 2.482 was briefly recorded on April 30 and significantly above the 30-day range between 1.718 and 2.368.
The last time the balance between bullish and bearish bets was close to its press time value with any stability was between March 27 and April 4, when it ranged from 2.272 to 2.520.
Furthermore, 70.95% of all accounts maintained a long position on May 6, and only 29.05% were short, per the data Fi
We współpracy z: https://finbold.com/xrp-long-bets-soar-to-monthly-highs/
