📈 Will the price double $XRP ? Buying pressure puts short positions at risk

📊 Similar financing conditions for XRP led to price recovery of approximately 50% in August and September 2024, as well as around 100% in April 2025.

🛡 Negative funding rates have led to short squeezes since the end of 2024, indicating overcrowded short positions among traders.

💰 XRP bulls need to maintain the $2 level to keep an optimistic outlook.

⚙️ Holding within the $1.80–$2.00 range and recovering to $2.22 will further strengthen this optimistic scenario.

📅 Pessimistic sentiments among derivatives traders emerged after the price of XRP fell approximately 50% from its multi-year high of $3.66 in July 2025. Accumulation of short positions creates latent buying pressure that could benefit bulls in the near future.