XRP Dead in the Water: Overcrowded Longs Threaten Squeeze

XRP has been stuck at its pivot of $1.12 for some time, with a zeroed-out MACD and 72.5% of retail traders long.

This setup is textbook pre-squeeze, and the next 24-48 hours will be crucial in determining the direction of the market.

The derivatives data shows an overcrowded long book, with top traders positioned at 74.7% long, but this could lead to a trap rather than a launchpad for XRP.

A break above $1.14 with expanding volume would be a sign that the bulls are right and the squeeze fires upward, but a clean rejection at $1.14 followed by a break below $1.10 would start the liquidation chain.