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Crypto Express

06/15 07:29

XRP traders still favoring longs

XRP traders still favoring longs despite market uncertainty?

On exchanges, 74.34% of XRP traders remained long as of the 14th of June, while 25.66% held shorts. That set the Long/Short Ratio at 2.90.

However, the steady decline in long dominance between mid-May and early June warns of creeping uncertainty. 

Even though the ratio has started to recover, traders must remain cautious, as over-leveraged longs in a volatile market can trigger sharp corrections. 
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