Update
Bitfinex XRP Short Positions Surge 652%
Ripple's XRP faces pressure in the broader crypto market, with Bitfinex XRP short positions surging 652%. This sharp increase in bearish bets could create an opportunity for buyers. XRP has recorded five consecutive weekly lows and slipped below the $1.20 support level. The token also broke below five weeks of consolidation against Ethereum, further weakening its position. On-chain activity shows an estimated 13.24 million XRP left exchanges, while large holders reportedly added nearly 60 million XRP within one week, indicating growing accumulation.