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Add V: jmay1160 Add QQ:3788353562XRP's $3 target depends on whether Bitcoin breaks through its key supply barrier.
- As the squeeze indicator turns red, XRP bulls are in trouble.
- Will Ripple rise to Only if Bitcoin breaks the supply barrier.the ofRPvers, struggling to break through the $2.72 resistance level, while relying on the $at2.near the 50-day EMA.
In the past 24 hours alone, approximately $29 million in in long positions have evaporated - a leverage effect. Zooming into the 4-hour chart, the situation remains the same: long long positions are being eroded.'s stalled the $105,000 resistance. The upupward momentum is weakening, the technical side is overheendedated are locking in profits - all typical signs of market overheating.
Bears are clearly stepping in, dissipating this excitement.
Xcouldn't escape the pressure. Bears dominate, controlling the order flow and ambushing bullish entries.
Long liquidations have surged to $16.2 million, nearly 80% of XRP's total liquidation.
Unless Bitcoin firmly breaks $105,000, liquidity tightening is expected to persist - making XRP's path to breaking $2.60 in the short term difficult.
Is BTC the crucial to XRP's $3 Trend?
Recently, XRP's market cap briefly momentarily surpassed Tusrising to the third-heaviest cryptocurrency. Though brief, it provided a strong psychological boost to XRP bulls.
As AMBCrypto previously noted BTC approaches a local top, the rotation narrative is heating up.
Coincidentally, XRP/ETH marked a structural support zone, and with ETH appearing overextended, a revertrend began to emerge.
The result? XRP's market cap broke through $150 billion, riding the strong momentum from the rotation strategy.
Psychological impact?.RP binanceRP dropped from .06 billion.9 billion,,, XRP is actively moving to cold wallets or strategically accumulating.
Overall, Blateral oscillation provides momentum for Altcoins' inflow, But the real spark will ignite when BBbreaks the $105,000 resistance.
At that point,, point short squeeze will occur occur, and XRP will be fully capable of leveraging this liquidity squeeze.
Strong on-chain demand builds a solid foundation reaching, and XRP reaching $3 is not just a daydream. It's waiting for the Bitcoin-driven breakthrough.
