Seeing CT are more bullish on $XRP recently, some said XRP will reach $4 and flip $ETH soon, you say?! 😁 Let's breakdown perps data to dig deeper about the possibility. 📊 Overall Outlook: - Holder Concentration: the latest data shows a decline in long-concentration level, with the HC green bar shrinking to lowest level last week. This suggest that large account traders may be reducing their bet on upside or retail traders are increasingly going long. - Market Sentiment: the sentiment going optimistic in July, highly MS level indicates traders are more bullish on upside movement that matches the scene we saw on CT. - Squeeze Momentum: long momentum gradually increasing since the end of June, and the momentum level is entering the significant high level which might means a late stages of rally. -Liquidation Map: the map shows larger size of long positions in the market which the largest long clusters are surrounding between 2.68 ~ 2.78 and largest short cluster is around 3. 💡 Therefore, the momentum starting to become unfavorable for further harsh gains, also the highly optimistic sentiment and lowering HC is not a strong signal for bullrun. Better to have some correction for new leg up. 1) But...what if the market is entering relentless pumping summer? 👇🏻