Crypto market intelligence platform Santiment has confirmed the ongoing rebound in the price of Cardano (ADA) and XRP. Per the firm, this renewed rally has fueled a new wave of opened short positions.
Short Positions on Cardano and XRP Growing
At the time of writing, Cardano was trading at $0.3864 after gaining 4.49% within the last 24 hours. Ripple-associated XRP is also displaying a positive sentiment.
In the last 24 hours, the token registered a 3.87% and it currently trades at $0.4967. The crypto ecosystem is excited about this upsurge, with a significant percentage plunging their funds into the two tokens. Most of these enthusiasts are positive that the coming days will bring more uptrend to the price of ADA and XRP.
Experts and other experienced traders recognize that even with the recent price rebound of these tokens, a downtrend is imminent. This realization has…
