XRP futures are experiencing significant short pressure, with 96% of positions being shorts, according to Coinglass data. Despite this bearish sentiment, XRP's price has increased by 1.79% in the last 24 hours. This price rise is supported by substantial inflows into XRP spot ETFs, totaling $897 million over the past 15 days. The persistent inflows suggest strong investor interest, which could potentially lead to a short squeeze if long positions begin to gain momentum.