$XRP is showing a notable divergence beneath the surface. While price has slipped toward 6-month lows, Open Interest has climbed to 494M and funding rates have turned deeply negative, signaling aggressive short positioning. At the same time, nearly 90M $XRP left Binance in a single day, with exchange outflows up 83% month-over-month. Spot supply is being withdrawn as traders crowd into shorts. This combination of rising leverage, bearish funding, and shrinking exchange supply creates the conditions for a potential short squeeze if buying pressure returns. #XRP #Ripple #Altcoins #OnChain #ShortSqueeze