$1.2B in Bitcoin liquidations spurred $XRP to its steepest weekly climb since the 2024 election.

The week’s surge, with $XRP rallying 13.4% from $0.748 to $0.836, was fueled by a Bitcoin short squeeze that sent liquidations over $1.2 billion in the last 24 hours. This wave of forced selling has been amplified by a sharp uptick in ETF inflows and a 4.7% jump in Bitcoin futures open interest, indicating that a substantial portion of the momentum is driven by borrowed capital rather than organic demand.

Smart money has been snapping up $XRP amid the volatility. On-chain analytics show a 22% increase in wallet activity for $XRP during the surge, while institutional allocation data points to a 5.3% rise in the top 10 holders' balances. Analysts note that the confluence of liquidations, ETF inflows, and on-chain activity suggests a short‑term bullish bias for $XRP, with traders positioning for a breakout above the $0.85 resistance.

Looking ahead, the next catalyst will likely be the $0.90 price level. A breach here would confirm $XRP’s breakout from the 2024 election‑era rally and could trigger further buying from both retail and institutional players. Conversely, a fail‑back to the $0.80 support level could signal a pause in the current surge.

Do you think $XRP will keep advancing past $0.90, or will the liquidity squeeze ease and pull it back?