XRP's jump off its recent lows looks like a short squeeze rather than a real turn, which is bad news for buyers piling in now.

• XRP recently fell under a dollar, then bounced hard as crowded bets against it were forced to unwind.
• The bounce is seen as temporary, with lower prices still expected ahead.
• The bigger risk is a broad stock market downturn dragging crypto down with it.
• Late buyers are chasing the move based on stale bullish calls made when XRP was far cheaper.

Outlook: More downside is expected for XRP, especially if stocks turn lower.