XRP short bets hit a 1-month high as recession fears loom
Summary ⚈ XRP short positions hit a 1-month high amid rising recession concerns and bearish sentiment. ⚈ U.S. GDP shrank 0.3% in Q1 2025, missing expectations and fueling market fears. ⚈ Token unlock and ETF delay add to XRP’s downward pressure and investor uncertainty. The ratio of long and short XRP futures positions has reached a 1-month low of 0.8622 on April 30, according to the latest data retrieved by Finbold from crypto intelligence platform CoinGlass . In other words, XRP shorts are at a 1-month high, with 53.7% of positions opened within the last 24 hours being short sales. XRP long-short ratio chart. Source: CoinGlass Moreover, the increase in bearish bets is not a reaction to an overextended move to the upside. On the contrary, XRP has marked a 5.30% decline in price over the past 24 hours, and was last trading at $2.16 at press time on April 30. XRP price 1-day chart. Source: Finbold XRP shorts surge following GDP miss, token unlock, and ...
