$XRP Price Ignites After $8K+ in Shorts Liquidated at $2.1369 – Is This the Breakout?
$XRP just sent shockwaves through the market as over $8,082 worth of short positions were wiped out at the critical level of $2.1369, signaling a major squeeze and possible shift in momentum. This kind of liquidation doesn’t happen in isolation — it often marks the beginning of a trend explosion.
Here’s a full breakdown of the technical setup:
Buy Zone (Accumulation Area):
$1.82 – $2.04
This zone has shown strong demand historically. Accumulation here, especially after liquidation pressure, could be the base for the next surge.
Breakout Confirmation Zone:
$2.14 – $2.22
The liquidation at $2.1369 suggests this is where bears were forced out. A daily close above this zone confirms bullish strength.
Target 1: $2.48
Target 2: $2.84
Target 3 (mid-term): $3.36
Each of these levels reflects previous resistance on macro charts and Fibonacci extensions from the last swing low.
Stop Loss (Protection):
$1.75
If XRP loses this level, it could fall back into the previous range, invalidating the breakout thesis.
Market Psychology Insight:
The recent liquidation at $2.13 is not just a number — it represents pain for the shorts and a psychological pivot for the bulls. It often leads to a short-covering rally followed by FOMO-driven buying. XRP has been coiling for weeks, and this move might be the spark to unleash a much bigger rally.
Conclusion:
All eyes are now on $XRP ability to hold above $2.14. Sustained strength above this level, especially on high volume, could be the beginning of a new phase — one that might take XRP into uncharted territory. The liquidation blood on the floor is a sign that momentum has flipped. Ride the wave, but manage your risk.
