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<p>The XRP price surged from $0.53 to $0.73 following Trump’s victory in the US elections and amid the broader market recovery.</p>
<p>However, the price faced rejection at $0.73, nearly matching the yearly high of around $0.74 seen in March.</p>
<p>Santiment recently provided a comprehensive update on the current state of Ripple’s community and XRP’s market dynamics.</p>
<h2 class="wp-block-heading" id="market-analysis-shows-mixed-signals">Market Analysis Shows Mixed Signals</h2>
<p>The recent price action shows promising signs, <a href="https://captainaltcoin.com/xrp-price-explodes-heres-why-the-ripple-token-could-surge-further/" target="_blank" rel="noopener noreferrer nofollow">with XRP experiencing a 45% breakout</a> over the past 8 days before hitting resistance. The Ripple’s token price has since been fluctuating around the $0.65 mark, after facing the above mentioned rejection at $0.73.</p>
<p>Moreover, <a href="https://www.binance.com/en/futures/funding-history/perpetual/funding-fee-history" target="_blank" rel="noopener noreferrer nofollow">Binance’s funding rate data</a> reveals the highest long-versus-short ratio for XRP since March 31st. This extreme ratio could be a warning sign, as heavily skewed long positions often increase the risk of a market correction if momentum starts to fade.</p>
<figure class="wp-block-image aligncenter size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="574" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-422-1024x574.png" alt="" class="wp-image-581928" style="width: 100%;height:auto" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-422-1024x574.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-422-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-422-767x430.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-422-1536x861.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-422-2048x1148.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-422-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-422-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-422-624x350.png 624w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-422-788x441.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><em><strong>Source: X/<a href="https://x.com/santimentfeed/status/1856515787814814152" target="_blank" rel="noopener noreferrer nofollow">@santimentfeed</a></strong></em>
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<p>XRP’s social dominance has spiked considerably, now accounting for over 4% of all cryptocurrency discussions. While this surge in social interest likely contributed to the recent price rally, historical patterns suggest reason for caution.</p>
<p>Previous social dominance spikes have served as reliable market indicators. The last two significant spikes showed interesting patterns – one marked a perfect top signal coinciding with a local price high, while the other indicated a market bottom, preceding a price recovery.</p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/top-analyst-reveals-why-to-avoid-these-8-altcoins-xrp-worldcoin-wld-and-more/" target="_blank" rel="noopener noreferrer nofollow">Top Analyst Reveals Why to Avoid These 8 Altcoins: XRP, Worldcoin (WLD) and More</a></strong></em></p>
<p>The current combination of high social interest and elevated long positions suggests traders should remain vigilant. Breaking past the March high of $0.74 would require sustained momentum without excessive FOMO, while the heavy concentration of long positions could increase the risk of a pullback if <a href="https://captainaltcoin.com/consistently-bearish-bitcoin-metrics-resurface-signaling-potential-50-btc-price-retracement/" target="_blank" rel="noopener noreferrer nofollow">market sentiment shifts.</a></p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/xrp-price-pumps-but-heres-why-ripples-community-should-be-careful/" rel="noopener noreferrer nofollow">XRP Price Pumps, but Here’s Why Ripple’s Community Should Be Careful</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

XRP Price Pumps, but Here’s Why Ripple’s Community Should Be Careful

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