XRP ($XRP ) rose about 6.6% in a day, back to $1.55, after briefly dipping below $1.50 the day before. Three forces are stacking up: spot XRP ETF cumulative net inflows have surpassed $1.76 billion; over the past three trading days this week, another roughly $53 million flowed in; over the last five days, whales bought more than 470 million XRP, worth about $724 million at current prices; and on the 4-hour timeframe, the short liquidations surged by more than 45%.
But I don’t think those ETF inflows alone can support a 6% move. In total over three days, it’s only a bit over $50 million—on the order of tens of millions per day—nowhere near the daily trading volume scale of XRP. The real driver is the squeeze of leveraged shorts, with spot buying mainly acting as background noise. Whale accumulation is real—but it also means liquidity is more concentrated, making pullbacks more fragile.
So I’m inclined to label this move as a short-squeeze rally rather than the start of a new trend. Someone in the community has set a target of $1.80 for this week.
Do you think it will first catch up to $1.80, or does this wave end right here?
But I don’t think those ETF inflows alone can support a 6% move. In total over three days, it’s only a bit over $50 million—on the order of tens of millions per day—nowhere near the daily trading volume scale of XRP. The real driver is the squeeze of leveraged shorts, with spot buying mainly acting as background noise. Whale accumulation is real—but it also means liquidity is more concentrated, making pullbacks more fragile.
So I’m inclined to label this move as a short-squeeze rally rather than the start of a new trend. Someone in the community has set a target of $1.80 for this week.
Do you think it will first catch up to $1.80, or does this wave end right here?