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XRP (CRYPTO: XRP) has failed to break above a multi-month triangle pattern that formed since February and is now testing support at the breakout level.
Shorts Getting Squeezed As Retest Holds
Volume surged 170.81% to $5.38 billion during the breakout, far above typical retest levels and pointing to institutional buying.
Open Interest climbed 7.41% to $2.90 billion, while Options Volume jumped 322.80% as traders positioned for the next move higher.
Liquidation data shows $6.03 million in shorts wiped out versus $5.21 million in longs over the past 24 hours, with bearish bets getting caught as the …
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