CFTC Commitments of Traders data revealed a 115.7 million token net short position in XRP, representing a significant concentration of bearish exposure in the market. This setup does not guarantee a squeeze but creates heightened sensitivity to sharp upside moves. When price rises against short positions, traders may need to cover, adding momentum to rallies. XRP remains highly sensitive to regulatory developments, institutional product access, and exchange flows. The next move will depend on spot demand, regulatory headlines, and broader market conditions.
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