XRP gained more than 7% over 24 hours as a weekend rally lifted cryptocurrencies and forced traders with bearish positions out of the market.
The token outpaced several other major crypto assets, drawing attention to both the scale of the short squeeze and recent developments across Ripple’s payments ecosystem.
Trading volume rose 155% to $7.4 billion during the same period, according to the figures cited in the original analysis. That is equivalent to roughly 7% of XRP’s circulating market capitalization.
Higher turnover shows that participation increased as the price climbed, although volume alone cannot establish how much of the activity came from new buyers rather than traders closing positions.
The rally has also brought a closely watched technical threshold into view. XRP has broken out of a flag pattern on the daily chart, and the next test is whether it can sustain a move above $1.50.
Broad crypto rally triggers heavy short liquidations
XRP’s advance came as prices rose across much of the crypto market. According to CoinGlass figures, short liquidations across crypto futures reached $854 million.
Liquidations occur when leveraged traders can no longer maintain positions that have moved against them. In this case, rising prices forced traders who had bet on declines to close their shorts.
That process can add momentum to a rally. Closing a short position generally involves buying the asset or contract back, which can intensify an upward move when many positions are unwound in a short period.
The increase in XRP trading volume offers another sign of heightened activity. A 155% jump to $7.4 billion indicates that considerably more XRP changed hands during the rally.
Traders will now be watching whether turnover remains strong above $1.50. A breakout supported by sustained activity would provide a firmer signal than a brief move driven primarily by liquidations.
Alongside the marketwide rally, investors are watching Ripple’s efforts to expand its blockchain payments business.
The company has pursued licenses, developed a prime brokerage operation, and launched its Ripple USD stablecoin, known as RLUSD.
More recently, Ripple released a developer kit intended to help developers build AI agents that can make payments using the XRP Ledger and RLUSD.
The idea is that software agents could initiate and settle payments as they carry out tasks. If developers adopt those tools, transaction activity on the XRP Ledger could increase.
XRP price forecast: $1.50 becomes the key test
On the daily chart, XRP has broken out of a flag pattern that the original analysis had tracked for several weeks.
A flag forms when price consolidates after a strong move. Traders often watch for a break above the pattern as a possible sign that the earlier advance could resume.
The immediate question is whether XRP holds above $1.50 after surging past the key resistance level.
A daily candle close above this level could serve as a signal that the bulls are now targeting $1.80 as the next psychological resistance.
Such a move would suggest buyers are maintaining pressure after the initial surge and the marketwide short squeeze.
If the rally persists, the next major target would be $2.10.
Whether XRP approaches it will depend on the strength of follow-through buying, broader crypto market conditions, and the extent to which Ripple’s initiatives translate into measurable use.
For now, XRP’s more than 7% rise, higher trading volume and flag breakout have put buyers in control of the immediate price action.
Holding those gains above $1.50 would offer a stronger indication that the rally can continue after the forced buying from short liquidations fades.
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