XRP Rally Meets Crowded Leverage, Bears on Brink of Another Liquidation Cascade

XRP's recent rally has been met with a crowded short-selling position, which may lead to another liquidation cascade for bears.

The token slipped to $1.44 after a sharp weekly advance of approximately 44%, putting its breakout under pressure just as leveraged trading activity on Binance reached its highest level in seven months.

Data from Hyperliquid showed that 16 out of the platform's 20 largest XRP positions were shorts, suggesting many major traders viewed the move into the $1.40 range as overextended.