XRP short sellers still in control – is the next part?

The KSRP continues to face bear pressure because short positions dominate the derivative market.

According to coigiglass dataLong / Short Ripple ratio (XRP) is 0.9205, which means that more traders bet on a decrease from the rump. For almost two weeks, this ratio remained below 1, indicating that bear media has taken over.

Although open interest fell by 1.92%, the amount of derivatives jumped 35% to 3.28 billion dollars. This tells us that traders are still active, but mostly on the short side, expecting a move down.

At the Technical Front, the KSRP trades in the amount of $ 2.14, just above the level of crucial support of $ 2.05. If that level is broken, it may be a difficult short term drop. The relative power index is neutral in 47, but it is gradually declining. Since it is still not resold, there is still room for further decline.

The moving average convergence of divergence has recently become negative, suggesting that their time for descend are located. In 11, the average directional index, which measures the strength of the trend, is extremely low, indicating that there is currently only the fixing of the action, not a strong trend. Most short-term and medium-term moving average are also flashing signals sales.

The big move can be on the horizon, as shown by narrowing Bollinger bands. However, the grip appears at the same time when the KSRP tests support that can suggest that the decline is, not a bounce more likely.

While the short-term bond adjustment is, the KSRP base is still solid. Has already recently been the main regulatory load raised Since Ripple has solved its legal dispute with the Securities and Exchange Commission. In addition, an interest in the possible spot XRP Exchange Fund, which will predict Bloomberg analysts approved By the end of 2025. Year with 85% chance.

The ETF approval can increase institutional demand and run much prices significantly. Meanwhile, an offer for $ 4-5 billion purchase The Circle of the StableCoin issuer, although unsuccessful, shows the ambitious goals of the company.

However, there are still macroeconomic challenges. The sense of risk distorts tariff policies of President Trump and sticky inflation. The decision of the interest rate of the Federal Reserve and 13. May 13 CPI Data also attracts focus of attention because they have the potential to influence the movement of cryptocurrency cells, including XRP.

If XRP loses $ 2.05, it could fall to $ 1.98 and $ 2.00, where support for 200 days. Still, the bulls are not out. If the XRP can bounce from this range and discontinue above $ 2.20, it may be back to your favor. But right now, the chances do not support that move.