XRP Faces $617M Short Squeeze Trigger Between $1.30 and $1.31

XRP could see a sudden price increase if it breaks above a major cluster of short liquidations between $1.30 and $1.31. Currently, XRP changes hands at $1.2926, but data from the Coinglass Liquidation Heatmap shows approximately $617.7 million in short liquidation leverage concentrated between $1.30545 and $1.31023 on Binance’s XRP/USDT derivatives market. This range spans just 0.4% and sits roughly 1% above the current price, which makes it an important area to watch for a possible short squeeze. Data reveals that the $617.7 million in liquidation leverage comes from a combination of three major clusters between $1.30 and $1.31. The first cluster sits at $1.30545, where approximately $229.74 million in short liquidation leverage could face liquidation. This represents the second-largest individual cluster above XRP’s current price.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to The Crypto Basic.