$XRP Short Liquidation Update

Short positions worth $3.6389K were liquidated at $2.093, confirming renewed buy-side pressure and forcing sellers to cover.

Market Structure

Price is holding above the liquidation zone, showing acceptance at higher levels. This shift favors bullish continuation as long as structure remains intact.

Key Levels

Support: $2.08 – $2.02

Resistance: $2.15 → $2.28

Bullish Trade Setup

Entry: Break and hold above $2.15, or a pullback holding above $2.08

Targets:

TP1: $2.28

TP2: $2.45

Stop Loss: Below $1.99

Market Sentiment

The short squeeze flipped momentum back to buyers. With sellers cleared and price holding support, pullbacks are likely to be absorbed rather than sold.

Bullish bias remains active while price holds above support and volume confirms upside follow-through.

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