XRP Bears Outperform Bulls by 387% in Last 24H, But There's a Catch

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XRP Bears Outperform Bulls by 387% in Last 24H, But There's a Catch
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XRP sellers outdo buyers by 387% in last 24 hours, but here's surprising twist

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.

This divide is made evident by staggering numbers to back them up: short positions worth $724,500 were liquidated by the bears, while their bullish counterparts saw only $187,000 in liquidations.

This growing greed among bearish investors is spurring them to take significant risks, and the consequences are evident in the increasing number of liquidated short positions.bears be enough to suppress the token's price ascent? It is uncertain, as it is possible that the bulk of short positions has already been liquidated, potentially forcing the bears to step back and rethink their strategy in the face of this severe financial setback.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.

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