Investors increased their bearish bets on prominent cryptocurrencies such as XRP and Cardano Wednesday, raising the prospect of gains in the event of liquidation. What Happened: According to on-chain analytics firm Santiment, XRP and Cardano witnessed heavy shorting following a temporary bounce due to the SEC’s decision to withdraw the security probe into Ethereum (CRYPTO: ETH). That said, traders didn’t find confidence in the relief rally, with most preferring to short the two altcoins. Data showed the “most prominent” shoring vs longing ratio for ADA in the last nine months, while XRP’s bear…
