XRP Short Squeeze: Analyst Reveals Available Trading Supply Could Fall To Bit...
Ripple’s XRP might be trending towards a short squeeze as new analysis suggested its available trading supply could shrink to levels comparable to Bitcoin’s 21 million cap. XRP commentator Chad Steingraber, in a post on social media platform X, argued that the amount of the altcoin actually available for retail trading is going to be a fraction of its total supply. His comments came in response to discussions about the role of institutional and network-led lockups, with projects such as Axelar and Flare Networks working to secure billions of XRP tokens. XRP Might Be Gearing Up For Short....
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This third edition of Cycling On-Chain takes a closer look at bitcoin’s ongoing supply squeeze and recent short squeeze.
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On-chain data shows Bitcoin funding rates have sunk into deep negative values, something that could pave way for a short squeeze in the market. Bitcoin All Exchanges Funding Rate Has A Red Value Right Now As pointed out by an analyst in a CryptoQuant post, BTC may see a slight uplift in the short term […]
A prominent crypto analyst has suggested that the actual XRP circulating supply is much lower than most realize. With demand for tokens expected to rise from areas such as tokenized debt, gold, and stablecoins, XRP’s seemingly limited supply could tighten even more, leaving the market exposed to a sudden squeeze. XRP’s True Circulating Supply Limited […]
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