List of Flash News about XRP price analysis
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07:25 |
XRP Price Analysis: Surge in Open Interest and Spot Demand on Binance Signals Potential Upside – Trading Insights for 2025
According to Cas Abbé, XRP has experienced strong buyer momentum in recent days, with a significant surge in open interest (OI) on Binance, mostly driven by short positions (source: Cas Abbé, Twitter, May 14, 2025). This increase in shorts against a backdrop of strong spot demand indicates a potential for a short squeeze, which could lead to rapid price movements if shorts are forced to cover their positions. Traders should monitor Binance OI and spot volume closely, as heightened short activity combined with sustained spot buying often precedes volatility and breakout opportunities in altcoin markets. |