XRP Liquidations Accelerate After $1.50 Breakout: Short Squeeze Unfolds
XRP has reclaimed the $1.50 level as market activity accelerates and bullish momentum begins to build after weeks of consolidation. The move higher suggests that buyers are regaining control, with traders closely watching whether XRP can sustain this breakout and establish a stronger uptrend. The broader structure remains corrective. XRP continues to trade below the 50-, 100-, and 200-period moving averages, all of which are trending downward. The market’s current alignment reflects ongoing pressure as sellers frequently meet price rallies with heavy supply at higher levels.Related Reading
However, the recent rebound from the $1.10–$1.20 region is technically significant. That zone marked a capitulation low, supported by a noticeable increase in volume, suggesting strong buyer absorption. Since then, XRP has formed a base between $1.30 and $1.45, gradually building momentum before pushing higher.
Reclaiming $1.50 indicates improving sentiment, but the asset now faces immediate resistance near $1.70, followed by a stronger barrier around $2.00, where previous consolidation and moving averages converge.
Volume during the recovery remains moderate, signaling that the move is still developing rather than driven by aggressive inflows.
Featured image from ChatGPT, chart from TradingView.com
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