XRP Faces $9.46M Short Squeeze Risk with US Senate Vote
The US Senate vote on the CLARITY Act threatens a potential short squeeze in XRP worth $9.46 million if the price rises by just 5% to $1.4644.
XRP is currently trading around $1.40, near a technical breakout point that could trigger forced liquidations of bearish positions.
The bill's passage could push XRP's price to $1.60, while failure may drop it back to $1.31-$1.35.