$XRP
Probably not just from this alone. A short squeeze involves buying a cryptocurrency with money from other traders' losses, and once those bets are closed, the buying stops. For XRP to stay at $1.47, Bitcoin needs to hold above $84,000 until regular buyers step in to replace those liquidations. However, Ripple has an upcoming event that could hurt this. On October 1, Ripple will release its monthly batch of one billion XRP from escrow, which usually doesn't help the price in the days leading up to it.
So, why has XRP gone up? It's largely because exchanges forced the liquidation of $300 million in short positions when Bitcoin broke $84,000, and XRP had the most crowded short positions among major cryptocurrencies. The downside is that no new buyers are supporting this price increase. If XRP closes above $1.50, it could target $1.55 and $1.70. Conversely, if it closes below $1.41, the squeeze pressure will be over, making $1.41 a key level to watch.
#xrp320 #mr320 #Trendingissue #WriteToEarn2026 #xrp
Probably not just from this alone. A short squeeze involves buying a cryptocurrency with money from other traders' losses, and once those bets are closed, the buying stops. For XRP to stay at $1.47, Bitcoin needs to hold above $84,000 until regular buyers step in to replace those liquidations. However, Ripple has an upcoming event that could hurt this. On October 1, Ripple will release its monthly batch of one billion XRP from escrow, which usually doesn't help the price in the days leading up to it.
So, why has XRP gone up? It's largely because exchanges forced the liquidation of $300 million in short positions when Bitcoin broke $84,000, and XRP had the most crowded short positions among major cryptocurrencies. The downside is that no new buyers are supporting this price increase. If XRP closes above $1.50, it could target $1.55 and $1.70. Conversely, if it closes below $1.41, the squeeze pressure will be over, making $1.41 a key level to watch.
#xrp320 #mr320 #Trendingissue #WriteToEarn2026 #xrp
