Price Prediction
Santiment Tracks XRP Short Positions Following $0.99 Price Target
As of November 6, blockchain analytics firm Santiment reported that three active short sellers among the most profitable XRP wallets added approximately 2.1 million XRP in bearish positions since late October. The firm analyzed these positions alongside a trader's forecast predicting XRP could fall to around $0.99. Santiment noted that only one of the top profitable XRP wallets held a long position, which had remained inactive since August. Additionally, the XRP Ledger added 7,934 new wallets on November 1, while total XRP reserves on Binance rose to 2.63 billion tokens on November 5.