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\n\t\t\t\t\t\t\t\t\tAnother analyst indicated that there are \u201calmost no short positions on XRP\u201d at the moment.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
With the entire cryptocurrency market rebounding in the past 12 hours or so, Ripple\u2019s cross-border token has joined the trend, jumping 5% to almost $1.50.<\/p>\n
Analysts have weighed in on this performance, with some suggesting that the asset has neared a key sell wall zone that could determine the next move and whether it could challenge $1.95. Others, though, have some trust issues.<\/p>\n
In the hours leading to the impressive surge, CryptoWZRD noted that XRP had closed indecisively. However, they added<\/a> that if it breaks above the crucial $1.43 resistance, the asset could be primed for a more sustainable rebound, as it did shortly after their post.<\/p>\n The aforementioned jump drove XRP to almost $1.50, which is the highest price tag in over two weeks. Fellow analyst CW outlined a chart showing that this level is actually a major sell wall. If broken, XRP\u2019s path should be quite clear until the next such significant obstacle, all the way at $1.95.<\/p>\n $XRP<\/a> has reached the sell wall zone.<\/p>\n If it breaks through this sell wall, there is no other resistance until $1.95. pic.twitter.com\/Z4olAq6ot3<\/a><\/p>\n \u2014 CW (@CW8900) March 16, 2026<\/a><\/p>\n<\/blockquote>\n Interestingly, Cobb, who is among the most vocal and bullish members of the XRP Army, said<\/a> they \u201csimply refuse to trust this XRP pump.\u201d Perhaps this is because the asset has charted similar impressive gains several times for a few days, only to be rejected and pushed back to its rather tight trading range.<\/p>\n However, the landscape could be different now as the Bollinger Bands had squeezed<\/a> to a level suggesting a big move ahead.<\/p>\n Another interesting post from CW showed that \u201cthere are almost no short positions on XRP.\u201d This has particular significance given the fact that the asset\u2019s futures open interest had surged<\/a> by 16.5% in the past week, going to over $1.6 billion, according to data from Ali Martinez.<\/p>\n Meaning, traders are ramping up their leveraged XRP positions but evidently expect a major move upward.<\/p>\n There are almost no short positions on $XRP<\/a>. pic.twitter.com\/rlfi7ht1XX<\/a><\/p>\n \u2014 CW (@CW8900) March 16, 2026<\/a><\/p>\n<\/blockquote>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n <\/p><\/div>\n\n
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No Shorts on XRP?<\/h2>\n
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