XRP $0.99 Call Draws Scrutiny as Santiment Tracks Growing Shorts

Santiment Tracks Bearish Positions Among Profitable XRP Wallets

Short sellers had been adding to bearish XRP positions among the astir profitable wallets tracked by blockchain analytics steadfast Santiment, which shared the information connected X connected Nov. 6. The steadfast acceptable its analysis of profitable XRP wallets beside a $0.99 XRP forecast posted by a trader connected X, which members of its Score Arena level were voting on.

Santiment stated:

“A trader called XRP lower, to ~$0.99, and said the telephone is incorrect if XRP closes supra $1.36. XRP is down ~10% since.”

Turning to the positions held by profitable XRP accounts it tracked, Santiment added: “Among the astir profitable XRP wallets, lone 1 is long, and it hasn’t traded since August. Three progressive shorts person added ~2.1M XRP since precocious October.”

In perpetual futures trading, collateral supports positions that supply vulnerability to gains oregon losses from terms movements without ownership of the underlying tokens. A abbreviated presumption benefits from falling prices, portion a agelong benefits from rising prices. That directional vulnerability differs from the XRP balances held successful spot wallets.

XRP Call Set for Nov. 19 Resolution

Score Arena, Santiment’s level for backing selected traders, besides examined the XRP telephone and wallet positions connected Nov. 6. Santiment questioned however overmuch recognition the forecast deserved during wide selling, asking: “Called it, oregon fortunate timing? The full marketplace dropped too.” As of that update, different astir 17% diminution was needed to scope the target, the steadfast estimated. With XRP adjacent $1.16 connected Nov. 7, the token would request to autumn astir 15% much to scope $0.99.

Santiment’s Score Arena trader allocation assemblage allows traders to taxable forecasts and token holders to backmost performers. Traders tin besides enactment oregon reason a posted forecast. Under this allocation model, Santiment assigns its ain trading superior to selected participants, portion stakers’ tokens enactment extracurricular the trades. The institution described Score arsenic being successful closed beta, a investigating signifier constricted to invited participants, successful its Nov. 6 comments.

All 3 traders who opposed the telephone connected Score had been connected the incorrect broadside of XRP’s decline, Santiment reported. Their results remained provisional up of the call’s scheduled Nov. 19 resolution. In its Nov. 6 update, the steadfast besides said the prediction model would adjacent successful little than 2 days.

Large XRP Balances Grew Alongside Bearish Trading Positions

Separate Santiment figures showed wallets holding astatine slightest 1 cardinal XRP reached 2,147 connected Nov. 3, their highest number of 2026. That class had expanded by 28 addresses implicit 10 days. The balance-based measurement tracked addresses crossing a holding threshold, providing a presumption of ample holdings alongside the latest investigation of trading positions.

The XRP Ledger added 7,934 caller wallets connected Nov. 1, the sixth-highest regular full of the year. Santiment linked a much constructive outlook to regular wallet instauration remaining supra astir 4,000 and a betterment supra $1.30. A driblet beneath $1.20 alongside regular wallet instauration falling nether 3,000 would weaken that signal, the steadfast said.

A Binance XRP scarcity gauge reached a four-year high adjacent 2.1 successful a Nov. 5 Cryptoquant analysis. The gauge measures comparative XRP availability for trading, with higher readings indicating greater scarcity. Separate figures placed Binance’s full XRP reserves astatine 2.63 cardinal that day, up from 2.35 cardinal connected Nov. 3.