XRP News Today: XRP Breakout Triggers Short Squeeze Potential Bull Run Gains Momentum

Generated by AI AgentCoin World
Friday, Aug 8, 2025 11:23 am ET2min read
XRP
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Aime RobotAime Summary

- XRP surges past $3.00, triggering short squeeze potential as analysts predict bullish momentum wiping out remaining shorts.

- Price hits $3.37 with strong support at $3.03, fueled by short liquidation and Ripple's legal clarity boosting institutional interest.

- Market eyes $3.50 confirmation for further gains, while whale activity ($58M movement) intensifies trader speculation.

- Caution urged amid volatility; sustained bullish control above $3.45 could validate the trend, but downside risks persist below $3.00.

XRP is surging past key resistance levels, drawing attention from traders and analysts as it positions itself to potentially trigger a short squeeze. Crypto analyst STEPH IS CRYPTO noted that

XRP
is "on track to wipe out all remaining shorts," signaling a strong
bullish
momentum in the market [1]. As of the latest report, XRP was trading at $3.33, showing robust buying pressure and a breakout above the psychological $3.00 level [1]. This move has pushed the price to an intraday high of $3.37, with strong support forming around $3.03.

The breakout is not only a technical milestone but also a strategic one, as it transforms the $3.00 level from a ceiling into a potential springboard for higher prices [1]. The surge has been further fueled by the liquidation of overleveraged short positions, as traders forced to buy back their positions contribute to upward price pressure.

According to STEPH IS CRYPTO’s analysis, a liquidation heatmap indicates that XRP is approaching areas with significant short interest. As the price moves through these zones, the probability of a short squeeze increases, accelerating the bullish trend [1]. A short squeeze typically occurs when short sellers rush to cover their positions to limit losses, creating a self-reinforcing cycle of rising prices [1].

Beyond technical factors, XRP’s performance is supported by improved sentiment and growing institutional interest. Ripple’s recent legal victories have contributed to greater regulatory clarity, reducing uncertainty that had previously held the asset back [1]. The broader crypto market is also showing signs of recovery, with capital shifting toward altcoins that demonstrate strength, such as XRP.

Market observers are closely watching for a confirmation above $3.50, as this could validate the bullish thesis and unlock further gains [1]. If the current momentum is sustained, XRP could experience a new wave of buying activity. However, the market remains volatile, and the outcome will depend on whether the bulls can maintain control of the trend.

Other analysts have also highlighted key price levels to watch. A clean break above $3.45 would wipe out most remaining shorts and confirm the bullish thesis, according to one report [2]. Conversely, if the $3.00 level fails as support, a reversal could see the price drop to as low as $2.72 [2].

The recent price action has also seen significant whale activity, with a reported $58 million movement in XRP [2]. This large-scale movement has intensified trader interest, particularly as it coincides with a potential breakout phase.

While STEPH IS CRYPTO’s predictions suggest a strong upward trajectory, traders should remain cautious. Volatility is a defining feature of the crypto market, and while the bulls currently hold the advantage, the path forward is not without risks.

Source:

[1] Analyst: XRP On Track to Wipe Out All Shorts. (2025). TimesTabloid. https://timestabloid.com/analyst-xrp-on-track-to-wipe-out-all-shorts/

[2] Whale Moves $58M in XRP—Now Traders Eye a Breakout Toward $3.30. (2025). CryptoRank. https://cryptorank.io/news/feed/2c1c5-whale-moves-58m-in-xrp-now-traders-eye-a-breakout-toward-3-30