XRP Shorts Outnumber Longs as Regulatory-Driven Selling Pressure Intensifies

The price of XRP has been under pressure following the procedural defeat of the CLARITY Act, leading to an increase in short positions.

According to data from CryptoRank, XRP shorts outnumbered longs by about 2x across roughly $490M of positions after the token fell about 9% on Sept. 15.

This bearish trend has raised concerns among crypto traders and DeFi participants, with a potential short-squeeze corridor forming between $1.30 and $1.67.