XRP long bets soar to monthly highs

Summary⚈ XRP long positions reached monthly highs with a 2.467 long/short ratio⚈Despite bullish bets, XRP broke support and shows signs of further decline⚈ RSI at 47.85 suggests token may stabilize but a rally is unlikely soon XRP short sellers began jumping ship in early May, with the long/short ratio for the token showing that long positions have become the most prevalent they have been in over a month, once a very brief spike on the last day of April is excluded. At press time on May 6, the ratio for XRP stands at 2 source: https://finbold.com/xrp-long-bets-soar-to-monthly-highs/