⚡ XRP Jumped 8% - But This Wasn’t Just an XRP Move $XRP climbed roughly 8%, briefly pushing above $1.40 as a broader crypto short squeeze forced bearish positions out of the market. 💥 The first driver was leverage. About $430M in crypto shorts were liquidated, with $BTC reclaiming $80K and improving sentiment across large-cap alts. XRP benefited from that fast change in positioning. 🏦 But Ripple had its own catalysts too. Recent developments around Ripple’s institutional business and XRP ecosystem gave traders another reason to pay attention as the market bounced. That combination - broader squeeze + XRP-specific news- helps explain why the move was stronger than a simple market-wide recovery. 👀 My view: the 8% candle is less important than what happens after the shorts are gone. Liquidations can push price higher very quickly, but sustained upside needs fresh spot buyers to take over. If $BTC holds its recovery and XRP can keep the breakout rather than immediately giving it back, that would make the move much more interesting than the initial squeeze itself. Source: CoinJournal Not financial advice. Always DYOR.