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XRP (CRYPTO: XRP) and Cardano (CRYPTO: ADA) are breaking out of multi-month patterns as Flare (CRYPTO: FLR) CEO Hugo Philion criticized Cardano for underperforming in DeFi.
XRP At Triangle Apex With Shorts Getting Squeezed
XRP is grinding higher at $1.4268 pressing against the apex of a symmetrical triangle that has been compressing since February’s $1.13 lows. Volume surged 27.50% to $3.94 billion as serious capital rotates in.
Open Interest sits at $2.61 billion while the Binance Long/Short ratio reads 2.2637, meaning longs outnumber shorts significantly across both retail and top trader accounts.
The 24-hour liquidation data shows $2.96 million shorts liquidated versus $1.61 million longs. Shorts are getting squeezed as price pushes higher, building a bullish liquidation cascade …
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