$XRP just saw short liquidations around $1.357, which is a strong signal that bears were trapped as price pushed upward. Short squeezes are powerful because they create forced buying pressure, often accelerating bullish momentum faster than normal spot demand. The market now looks ready for a volatility expansion if bulls maintain control above the breakout area.
The immediate support is around $1.33–1.34. As long as XRP holds this zone, buyers remain in control of short-term momentum. The next resistance stands near $1.40, and a clean breakout there could quickly send price toward $1.45 and potentially $1.50 if squeeze momentum continues.
What makes this setup exciting is the psychological impact of short liquidations. Once traders betting against the move are forced out, the market often enters a fast trend continuation phase. Volume confirmation will be critical here because sustained buying pressure can transform this into a larger breakout structure instead of a temporary spike.
However, traders should still watch for exhaustion signs near resistance. If momentum weakens and XRP falls back below support, profit-taking could trigger short-term cooling before another attempt higher.
📍 Support: $1.34 / $1.30
📍 Resistance: $1.40 / $1.45
🎯 Targets: $1.40 → $1.45 → $1.50
🛑 Stop Loss: Below $1.33
For now, XRP looks technically stronger than many altcoins, and the short squeeze suggests bulls may still have fuel left for another push upward
$XRP
The immediate support is around $1.33–1.34. As long as XRP holds this zone, buyers remain in control of short-term momentum. The next resistance stands near $1.40, and a clean breakout there could quickly send price toward $1.45 and potentially $1.50 if squeeze momentum continues.
What makes this setup exciting is the psychological impact of short liquidations. Once traders betting against the move are forced out, the market often enters a fast trend continuation phase. Volume confirmation will be critical here because sustained buying pressure can transform this into a larger breakout structure instead of a temporary spike.
However, traders should still watch for exhaustion signs near resistance. If momentum weakens and XRP falls back below support, profit-taking could trigger short-term cooling before another attempt higher.
📍 Support: $1.34 / $1.30
📍 Resistance: $1.40 / $1.45
🎯 Targets: $1.40 → $1.45 → $1.50
🛑 Stop Loss: Below $1.33
For now, XRP looks technically stronger than many altcoins, and the short squeeze suggests bulls may still have fuel left for another push upward
$XRP