#XRP and Cardano (#ADA) Could Rise Due to High Short Selling Pressure, According to Analyst
Key Points:
#XRPand ADA are among the most shorted cryptocurrencies, which could be a positive sign for prices.
A short squeeze, where short sellers are forced to buy to cover their positions, can lead to a significant price increase.
Both tokens have performed well recently, with XRP decoupling from Bitcoin and ADA benefiting from the hype surrounding the upcoming hard fork.
XRP
2.0129
-2.85%
ADA
0.4238
-8.34%
Note: This is not a financial recommendation. Do your own research before investing in cryptocurrencies.