XRP has defended the critical $1 support zone while flashing early signs of a trend reversal. A combination of a bullish RSI divergence and a sharp price breakout above $1.0525 has triggered a massive short-squeeze, liquidating over $634 million across the crypto market, with XRP shorts accounting for 80.6% of local losses.
Technical Setup on USDT and BTC Pairs
On the USDT pair, XRP remains inside a long-term descending channel below the 100-day and 200-day moving averages. Despite this bearish structure, the price held above the $1.08 demand area after a sell-off in June. The RSI printed higher lows while price formed lower lows—a classic bullish divergence that suggests selling momentum is fading. Immediate resistance sits at $1.15, with stronger supply near $1.25 (200-day MA). A breakdown below $1 would risk a drop toward $0.80.
Against Bitcoin, XRP staged a false breakdown below the 1,700 sat level, reclaiming it quickly and hinting at a liquidity sweep. The pair now faces resistance at 1,850 sats and then 2,000 sats. Holding above 1,700 sats keeps the fake-breakdown scenario alive.
Breakout and Liquidation Cascade
After days of tight consolidation between $1.02 and $1.06, XRP finally pushed above the $1.0525 resistance, surging to $1.0829. This move ignited a cascade of forced closures on leveraged short positions. According to CoinGlass, total crypto liquidations reached $634 million in 24 hours, roughly 73% of which were shorts. Within XRP markets, shorts represented 80.6% of losses.
The key "max pain" level for large sellers still lies at $1.30953, where $5.79 million in capital is concentrated. The current price is now only about 20.9% away from that target after the breakout. However, overbought signals hint at a short-term consolidation or pullback toward the $1.065 support before a potential medium-term advance toward $1.31.
