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XRP at $1.14, 9-to-1 Shorts & ETFs Beating Bitcoin | Jun 3-4
Audio is available on Spreaker — see link below.
XRP crashed to a four-month low while whale wallets hit all-time highs and XRP ETFs pulled in $132M as Bitcoin funds bled — the divergence is stark. With nine-to-one short positioning and the CLARITY Act on an eight-week Senate countdown, the setup for a violent reversal has rarely looked this loaded.
Audio is available on Spreaker — see link below.
The CLARITY Act just cleared a major procedural hurdle. On June first, the bill was formally placed on the Senate legislative calendar, making it eligible for a full floor vote.
While that regulatory milestone was landing, the price was going the other direction. XRP dropped seven percent in three days, falling to around one dollar and fourteen cents on June third and fourth.
While retail was selling, whale wallets hit a record three hundred thirty-two thousand, two hundred thirty addresses. More than twenty-five million XRP moved off exchanges in the same window.
The futures positioning makes the setup more extreme. Shorts currently outnumber longs nine to one.
On the institutional side, the ETF picture is worth separating from the broader market noise. XRP spot ETFs pulled in one hundred thirty-one point nine four million dollars in May inflows.
On the ledger itself, daily transactions on the XRP Ledger have surged to nearly three million, up from around one million in mid-twenty-twenty-five. Bitstamp, RLUSD, and Braza Bank are among the most active participants.
Prediction markets are pricing CLARITY passage at forty-two percent for twenty-twenty-six. Galaxy Digital placed a ten-million-dollar institutional trade on the bill's outcome.
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