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Ripple IG Client Sentiment: Our data shows traders are now at their most net-long Ripple since Jul 11 when Ripple traded near 0.33.

Ripple IG Client Sentiment: Our data shows traders are now at their most net-long Ripple since Jul 11 when Ripple traded near 0.33.

2019-09-17 14:23:00
Research, Research Team
Share:
Ripple chart

Number of traders net-short has decreased by 27.50% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

Ripple

BEARISH

98.25%

1.75%

0.37% Daily

2.26% Weekly

-17.14% Daily

-27.50% Weekly

0.00% Daily

1.53% Weekly

Ripple: Retail trader data shows 98.25% of traders are net-long with the ratio of traders long to short at 56.17 to 1. Our data shows traders are now at their most net-long Ripple since Jul 11 when Ripple traded near 0.33. The number of traders net-long is 0.37% higher than yesterday and 2.26% higher from last week, while the number of traders net-short is 17.14% lower than yesterday and 27.50% lower from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Ripple prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Ripple-bearish contrarian trading bias.

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