XRP Soars Above $1.07, Targets $1.25 Amid Short Squeeze

XRP has climbed above its 50-day simple moving average at $1.07 and is now testing the $1.25 level, according to recent price analysis.

This move comes after a period marked by difficulty maintaining the $1.00 mark, followed by a pronounced rebound that has shifted trader and analyst focus toward higher short-term targets.

The rally was accelerated by a rapid unwinding of leveraged positions across the cryptocurrency market, with over $1.5 billion in crypto positions liquidated amid the broader rally.

This shakeout has led to an ongoing short squeeze, where sellers are forced to cover their positions, further fueling upward momentum.