$XRP triggered a strong price surge, rising 10% to break above the key $2.13 level. Supported by a 130% spike in trading volume (7.8 billion USD) and relentless ETF demand, the token is now on a six-day consecutive gain streak, outperforming major altcoins ($ETH , $SOL ) in performance.
🔹 Institutional pressure
XRP ETFs have not recorded a single day of negative net inflows since launch. Managed assets have increased significantly, signaling continuous institutional accumulation.
Short squeeze pressure: As prices rise, $24 million in short positions have been liquidated — the highest pressure since November 16. This forced bears to buy back, accelerating the upward momentum.
XRP's technical breakthrough has broken out of the descending wedge pattern, with a technical target of $3.00 as long as the price remains above the 200-day EMA.
🔸 Overheated signal
The Relative Strength Index (RSI) is entering overbought territory. Although momentum remains strong, vertical price rallies typically require a cooling-off or consolidation phase to sustain.
Liquidations with $438 million liquidated across the market, volatility is at its highest level.
🔹 This is not just retail hype — it's an ETF-driven breakout amplified by a short squeeze. XRP is outperforming the broader market as institutions view it as a managed asset. The easiest path is upward, aiming for the psychological milestone of $3.00.
ETFs are buying on every price dip, and short squeeze pressure is at record highs. Are you fighting the trend, or riding the institutional wave toward $3.00?
Trading Insight's research information and news are for reference only and not investment advice. Please read carefully before making decisions.
