XRP Surges Over 20% on Whale Accumulation and Short Squeeze

XRP has staged a sharp recovery, climbing above 20% over the latest trading period and pushing toward the $1.25 area as a broader cryptocurrency rebound combines with renewed whale accumulation and heavy short liquidations.

The move follows a period in which XRP struggled to hold above $1.00. Recent market data showed the token moving from around $1.00 toward the $1.15-$1.25 range, while leveraged positioning was rapidly unwound. More than $1.5 billion in crypto positions were liquidated during the broader market move.

XRP's 1H chart shows a breakout toward $1.22 alongside declining open interest and improving net positioning, suggesting an ongoing short squeeze.