Analyst: XRP Is Coiled For A Short Squeeze Rally

Analyst: XRP Is Coiled For A Short Squeeze Rally


A growing number of technical signals suggest that XRP may be on the verge of a short squeeze, according to prominent crypto analyst CryptoInsightUK. In a post on X, the analyst highlighted key on-chain and derivatives data, painting a picture of dense liquidity stacked above current price levels, rising open interest, and a structure that resembles previous pre-squeeze conditions.

XRP Short Squeeze Incoming?

“Liquidity on the hourly is interesting,” CryptoInsightUK wrote, emphasizing what he described as “SUPER dense liquidity above us,” adding that in his view, “it’s inevitable this gets taken, probably sooner rather than later.” Accompanying images shared by the analyst indicate that the lower liquidity cluster sits around $1.90, while the upper zone—where a potential short squeeze could be triggered—concentrates around $2.40. The

Trending: Gen. Flynn Publishes an Open Letter to Trump Regarding Epstein: ‘I Hesitated to Write This’

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!