XRP Whale Buying Fuels Squeeze Setup Around $1 Level

XRP has seen significant whale activity around its $1 price level, with 380 million tokens accumulated recently. According to RippleXity data, this is the longest such stretch for XRP, with 632 consecutive days of closing above $1.

This accumulation of funds has put a possible squeeze on short positions in focus. CoinGlass data shows liquidity concentrated around $1.06-$1.07, which could force bearish positions to close if the price moves higher.

XRP's stablecoin market capitalization has also seen a significant increase, rising over 12% in 24 hours and adding over $100 million. This growth in stablecoins on XRPL is another indicator of increasing liquidity in the network.