XRP Slides Below $2.15 as Bearish Sentiment Builds
XRP is starting the week under pressure, falling 2.21% to $2.14 on Monday and extending its seven-day decline to 7.5%. Despite holding nearly flat on the month, the altcoin has struggled to regain traction above $2.20 as bearish sentiment takes hold across the market.
Much of that caution stems from a notable increase in short interest. According to Coinglass data, XRP’s long/short ratio has remained below 1 for nearly two weeks, most recently clocking in at 0.93.
Short Sellers Dominate Market Mood
That indicates more traders are betting on downside than upside—a signal of mounting skepticism. Adding to that, sentiment across social channels has stayed negative. XRP’s weighted sentiment reading is currently at -0.40, highlighting a lack of bullish conviction and ongoing sell-side pressure.
The pessimism runs opposite to the optimism seen earlier this year, when hopes for a spot XRP ETF helped send the token above $2.30. …
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