XRP Trading Range Narrowed Amid Regulatory Optimism and Leveraged Shorts

XRP is trading in a tight range between $1.40 and $1.45, down from its recent peak of $1.70 after a sharp weekly swing.

The token's price has been influenced by a broken falling wedge pattern and legislative optimism following President Trump's push for the CLARITY Act during a White House meeting featuring Ripple's Brad Garlinghouse.

Leveraged shorts were caught off guard, triggering a squeeze that turned the rally into a danger zone once buyers failed to defend the $1.50 to $1.55 area.

Crypto markets remain uncertain due to regulatory optimism and traders carrying heavy leverage, making XRP's next move crucial.