🔵After peaking at $3.18 on September 13, XRP has dropped nearly 10%. According to Coinglass, the long/short ratio has slid to 0.83, its lowest level in a month, signaling fading trader confidence in sustaining bullish momentum and growing expectations of deeper correction.
🔵The technical picture is equally fragile: XRP is clinging to its 20-day EMA and risks breaking below it. A confirmed breakdown could open the way to $2.88, and potentially July’s low at $2.64. However, if demand returns, XRP may still attempt a rebound toward $3.22.