XRP hints at potential reversal as this important signal emerges $XRP XRPArmy XRPCommunity RippleXRP
When a trader first sells an asset to later repurchase it or cover it at a lower price, a"short" or"short position" is created. When a trader thinks the price of an asset is likely to fall in the near term, they may decide to short that asset.shows XRP funding rates on exchanges remained neutral to positive.Funding rates are intended to reflect the general sentiment of market participants and their expectations for the future of the market.
Among the XRP community, hopes of a favorable resolution of the Ripple-SEC lawsuit abound. In 2022, James K. Filan, who usually posts updates on the Ripple lawsuit, predicts that the ruling judge might make a decision on or before March 31, 2023. Ripple CEO Brad Garlinghouse predicted that the ruling might come in the first half of 2023. At the time of writing, XRP was marginally higher in the last 24 hours at $0.381.
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