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XRP price forecast: Can whales force a short squeeze toward $3?

The XRP price is trading at approximately $2.66, within a range of $2.30–$2.70, with resistance near $2.70–$3.00 and support around $2.20–$2.30. Despite recent volatility, its market value is close to $158 billion, indicating that investor interest remains strong.

On-chain data suggest a significant increase in large holder activity, with wallets holding one million or more XRP reaching an all-time high of approximately 2,700. These whale wallets currently own roughly half of the circulating supply, indicating that major players are steadily increasing their holdings.

In derivatives markets, open interest has increased dramatically, with both options and futures exposure growing, suggesting that leveraged positioning is heating up. The combination of whale buildup and significant short exposure creates the conditions for a potential short squeeze if market mood shifts.#FranceBTCReserveBill #MarketPullback #CPIWatch #BTRPreTGE $XRP