$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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