XRP Price Breaks Free from $1, Surges Past $1.69 on Leverage and Liquidation
XRP price action has been remarkable in recent days, especially its sudden surge past $1.69. After being stuck near $1 for several sessions, XRP broke free from that level and rallied strongly.
The move was swift and powerful, with XRP moving through key levels like $1.10, $1.20, and $1.30 before accelerating toward $1.40. Momentum picked up sharply above $1.40, leading to a final surge to $1.69.
A CoinGlass liquidation heatmap provided insight into the price action, showing how leverage helped accelerate the advance. The heatmap revealed strong zones of liquidity near $1, $1.20, $1.30, and higher levels.
BankXRP highlighted that XRP's rally could be setting up for a second leg, with the $1.45 to $1.50 area potentially becoming a launchpad. If XRP holds this zone and pushes back through $1.60, the next major test would be the $1.69 high.