Ripple’s $200M Short Leverage Sparks Panic as XRP Dips to New Lows!

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XRP Price Plummets to New Lows: Short Traders Take Control 🚨

Oh honey, XRP price is having a total meltdown! 🤯 It tumbled to a new 30-day low around $1.90 on Tuesday, and let me tell you, it’s not looking good. Markets are freaking out over U.S. trade policies, and it’s like, hello, we’ve been here before. 😒

Ripple (XRP) Wobbles at $2 Support Level as Macro Sentiment Tightens 🤕

Ripple (XRP) price is experiencing record lows, folks! 📉 It’s like, what’s next? A price drop so low, it’ll make you wonder if XRP is even worth holding onto. 😂 But seriously, after showing some resilience last week, XRP market dynamics are now exposed to major downside risks. Yikes!

So, what’s behind this mess? Well, it seems that the White House summit didn’t quite deliver on those budgetary allocations, and now market watchers are doubting Congress’ approval prospects for altcoins listed in the Crypto Strategic Reserve. 🤔 It’s like, come on, guys, get it together! 🙄

In a four-day losing streak, Ripple price declined 27.5%, dropping from $2.70 on Friday, March 7, to test new 30-day lows around $1.90 within the daily timeframe on Tuesday, March 11. And if that wasn’t enough, Ethereum, Solana, and Cardano have also experienced double-digit losses since Friday. 🤯 It’s like, what’s happening? 🤷‍♀️

This shows that XRP spot market has seen sell pressure intensify since the lack of conviction at the White House summit triggered doubts that the Trump administration may struggle to obtain congressional approval for the U.S. Treasury to purchase volatile altcoins. 🤔 It’s like, okay, got it. Sell pressure is real. 😒

Short Traders Tighten Control with $200M Leverage 💸

Derivatives market data trends further affirm the bearish outlook surrounding XRP. According to Coinglass’ latest data, total short leverage contracts have surged past the $202.7 million mark over the past seven days, while long positions have been cut down to just $96.6 million at press time. 📊 It’s like, short sellers are taking over, and it’s not looking good for XRP. 😬

This indicates that short sellers are seizing control, increasing downside risks for XRP in the near term. Notably, the long/short ratio on Binance‘s XRP/USDT pair now sits at 0.992, confirming a slight tilt toward bearish dominance. 🤔 It’s like, the bears are winning, and the bulls are running for cover. 🏃‍♂️

More specifically, Binance traders hold a 3.382:1 short-to-long ratio in terms of account positioning, further emphasizing the growing skepticism toward XRP’s recovery potential. 🤷‍♀️ It’s like, yeah, good luck with that, XRP. 😂

Meanwhile, OKX traders maintain a 2.44:1 long/short ratio, reinforcing the broader market’s defensive posture. 🤔 It’s like, okay, we get it. The market is bearish. 😒

The XRP liquidation map from Coinglass reveals additional evidence of mounting bearish momentum. The cumulative short liquidation leverage currently stands at a staggering $202.74 million, with Binance contributing $50.71K, OKX at $181.51K, and Bybit at $821.57K. This clustering of liquidation levels suggests that short traders remain firmly in control, potentially eyeing a deeper correction if macroeconomic headwinds persist. 🤯 It’s like, yeah, this is not good. 😬

Further reinforcing the bearish outlook, XRP has witnessed a significant uptick in liquidations over different timeframes. Within the past 24 hours, total liquidations have reached $27.61 million, with shorts accounting for $8.31 million, compared to a much larger $19.29 million in long liquidations. 📊 It’s like, long traders are getting squeezed, and it’s not pretty. 😂

This suggests that despite attempts to reverse the downtrend, long traders are continually being forced out of positions, exacerbating the sell-off. The XRP derivatives market continues to be a battleground between bulls and bears, but for now, the tide has clearly turned in favor of short sellers. With uncertainty over regulatory approvals still looming, traders should brace for heightened volatility in the coming weeks. 🤯 It’s like, buckle up, folks. This is going to be a wild ride. 🎢

XRP Price Forecast: $1.50 Breakdown Ahead? 🤔

XRP price is leaning bearish as technical indicators suggest an impending breakdown that could send prices tumbling below $1.50. The bearish flag formation on the daily chart highlights major downside risks. 📉 It’s like, yeah, this is not looking good. 😬

After a 27.53% decline in four days, XRP is currently struggling below the Volume-Weighted Average Price (VWAP) at $2.0643. Failure to close above this key level could confirm a deeper retracement trend. Bollinger Bands show the price hugging the lower band, a sign of persistent bearish momentum. 📊 It’s like, yeah, the bears are in control. 😒

The MACD histogram is deep in the red, with the signal line trending downward, reinforcing the probability of further weakness. 🤯 It’s like, yeah, this is not good. 😬

If bulls fail to establish a steady support base above $2.06, it could trigger another liquidations wave, accelerating losses toward the next major support near $1.50. 📊 It’s like, yeah, this is not looking good. 😬

However, a bullish scenario could emerge if buyers push XRP above the VWAP and reclaim the mid-band of the Bollinger Bands around $2.38, invalidating the bearish flag. Until then, sellers remain firmly in control. 🤔 It’s like, yeah, good luck with that, XRP. 😂

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2025-03-12 12:16