XRP has broken above the $2.43 resistance level, reaching $2.50-$2.52 liquidation cluster, signaling potential for a short squeeze and eyeing the next key target at $2.80.
The token is trading above its moving averages, with top resistance points between $2.48 and $2.80 and support near $2.21 and $2.14.
XRP's open interest stands at $5.56 billion, with a daily volume of $9.40 billion, indicating strong market participation and forming of long positions.
Technical power, increased interest in derivatives, and defined liquidation zones support XRP's surge. A successful break above $2.50 could lead to a rally towards the $2.80 level.