XRP delivered its strongest daily performance since February 6, jumping 15% to a seven-month high of $1.67 during a historic short squeeze that lifted the entire cryptocurrency market. According to latest reports, the token finished third among the eight largest coins, beating Bitcoin's 8% gain and outperforming the 6.99% median of large-altcoin peers. The 15% surge represents a 3.83-point bonus over Bitcoin's expected 6.57% lift, making this XRP's biggest daily jump since February 6 and ranking in the top 3% of all XRP trading days since 2020. The rally was driven by a record $1 billion of short positions being force-closed across crypto in roughly an hour, with every closed short creating a buy order that lifted the market broadly. Bitcoin hit $72,281.12 at one point, marking a new peak since early June and the largest single-day gain since March 2026, as the sudden price rebound fueled by heavy buying as short sellers covered their positions created a classic "short squeeze" scenario.
Whale activity showed significant reduction in selling pressure as Whale to Exchange Flow fell to 336, returning to levels recorded before the market recovered three days earlier. This decline suggested weaker immediate selling pressure, though it didn't confirm fresh whale purchases. XRP ETFs attracted $18.3 million in Daily Net Inflows, recording their highest Daily Net Inflows in three months, with Bitwise's XRP ETF recording $16.9 million in Daily Net Inflows for the third consecutive day of positive flows. As reported by Whale Insider, this institutional demand reflected stronger institutional demand as XRP challenged its seven-month high. The rally coincided with an 89% increase in Trading Volume, reflecting stronger market participation and confirming that demand strengthened across both Spot and institutional markets.
XRP recorded heavy liquidations across both sides of the derivatives market, with $59.7 million in Long Positions and $49 million in Short Positions liquidated over 24 hours. Total Liquidations exceeded $109 million, showing that volatility punished traders on both sides. Despite these losses, Open Interest increased 10% to $3.68 billion and Derivatives Volume jumped 65% to $19.2 billion, showing that traders continued speculating despite recent losses. Rising Open Interest confirmed additional exposure but didn't reveal whether traders favored Long or Short Positions, with this leverage potentially amplifying XRP's next move in either direction.
XRP trades at $1.5114 above the $1.10-$1.12 resistance band that's capped multiple rallies since early August, with volume rising 125% beyond $8 billion confirming stronger market participation. According to technical analysis, XRP reclaimed the 20-day, 50-day, and 100-day EMAs, reflecting strong short-term and medium-term momentum, with the token testing the 200-day EMA at press time. Aroon Up recorded a bullish crossover and rose to 92%, while Aroon Down fell to 71%, favoring buyers but showing that downside pressure hasn't disappeared completely. The Relative Vigor Index climbed to 0.49 and Momentum Indicator rose to 0.53, supporting the possibility of trend continuation and reflecting stronger bullish momentum and buyer control. If demand holds, XRP could target the $1.94 resistance next, though another liquidation wave could weaken the rally and expose the $1.30 support.
As reported by The Blockworks State of XRP, XRP price remains fragile around the $1 support level, trading below the Bollinger Bands midpoint near $1.03 with the lower band at $0.97 and upper band near $1.09. The Relative Strength Index stands at 38.27, slightly above its moving average of 36.80 but below the neutral 50 level. XRP has fallen 7.6% over 30 days and approximately 66.8% over the past year, remaining more than 70% below its July 2025 record of $3.65. The 200-day moving average near $1.28 represents the next real test, with clearing it decisively opening room toward the $1.29-$1.45 zone analysts have flagged as the next demand shelf. In a good scenario, a confirmed break above $1.20 extends the squeeze toward $1.30-$1.45, while a rejection at resistance sends price back toward the $1.00 floor that's held all year.
