Summary: XRP prices consolidate – Will $260M in shorts spark a reversal?

XRP: A High-Stakes Battle Between Bulls and Bears After All-Time High! Ripple's XRP sits at a pivotal point, consolidating above $3.35 after reaching an all-time high. The market presents mixed signals, setting the stage for a battle between short-term bearish sentiment and strong long-term optimism. Short-term traders are heavily betting against it, with nearly $260 million in short positions opened around $3.68, expecting a downward correction. Conversely, long-term holders show unwavering confidence, steadily accumulating tokens and moving over $56 million off exchanges. This highlights a deep divide in strategies. Despite bearish pressures, crypto experts are overwhelmingly bullish on XRP's future. A major catalyst is the surging 95% probability of a Spot XRP ETF approval by July 2025, poised to unlock significant institutional interest. Technically, XRP has broken out of a bullish flag, signaling an uptrend. While some bold predictions eye $15, technical analysis suggests $6 if current support holds. However, caution: XRP's Relative Strength Index (RSI) at 83 signals overbought territory. This indicates a potential short-term correction before further rallies. Ultimately, XRP stands at a crossroads, with strong catalysts and long-term confidence clashing with short-term trading pressures and technical warnings.