Category: finance

The post Can whales force a short squeeze toward $3? appeared com. Summary The XRP price is currently around $2. 66, with a trading range of $2. 30-$2. 66 and strong resistance at $2. 70-$3. 00. Whale piling is increasing, with huge investors currently owning roughly half of the circulating XRP supply. Derivatives markets have strong open interest and short exposure, indicating probable short squeeze conditions. If whales continue to accumulate and shorts unwind, XRP might rise to $3. 10-$3. 40. A failure to accumulate or a prolonged pessimistic mood might push prices down to $2. 00-$2. 10. Overall, the XRP prognosis is cautiously positive, depending on triggers and leverage dynamics. news 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. Upside outlook If major holders continue to accumulate and leveraged short positions start to unwind, XRP price prediction models suggest that XRP may break through the crucial resistance zone of $2. 70-$3. 00. As short covering triggers liquidations and amplifies buying pressure, a breakout from this level could occur rapidly, targeting the $3. 10-$3. 40 range. Momentum might build further if a clear catalyst arises, such as more institutional investment, ETF-related speculation, or positive regulatory developments. In this case,.