Currently, XRP seems to be at a crucial stage when positioning, rather than spot demand, may determine its next significant move as leverage builds against a more cautious environment. However, the expert noted that spot volume has also witnessed a spike.
Based on the hourly liquidity pools, the market might still have some room to grow. However, the expert is confident that a bounce from the current position is likely to take place. When the bounce occurs, it is expected to be quite violent and will spur a short squeeze back to the upside.
Investors Are Leaning More Towards Long Positions
