The XRP price is currently dipping into a crucial $2 liquidation zone amid rising short pressure. As long positions get liquidated and shorts pile in, a subsequent surge in open interest hints at a looming short squeeze . A clean sweep of $2 has analysts believing that it may be the trigger XRP needs to ignite a fresh price rally.

XRP Price Eyes $2 Sweep To Fuel Next Rally

A new technical analysis by Cryptoinsightuk on X (former Twitter) reveals that XRP has recently retraced into a key liquidity zone near the $2 mark. This move has raised speculation about a possible bullish reversal that could set the stage for a major price rally.

According to the analyst’s 1-hour XRP chart, the altcoin’s drop into this liquidity zone was not random—it aligned perfectly with a

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