- XRP bulls on the ropes as squeeze metrics flash red.
- Ripple to $3? Only if Bitcoin smashes the supply wall.
Ripple [XRP] just slid 4% as Bitcoin traders hit the brakes around the $105k resistance mark.
At press time, XRP was hanging around $2.42, battling to break past $2.72 resistance while leaning on support near its 50-day EMA at $2.27.
If it can hold that line, a push toward $3.00 could be on the cards.
But with Bitcoin [BTC] playing cautious, the whole market’s feeling the pressure. However, if BTC breaks above $105k, can we expect altcoins like XRP to bounce back hard?
Bitcoin squeeze tightens, leaving Ripple in limbo
High-cap altcoins are stuck in chop city, trading well below their weekly highs as Bitcoin’s liquidity crunch keeps the market on edge.
Roughly $29 million in longs got wiped in the past 24 hours alone — classic leverage puke. Zoom into the 4-hour chart, and the story’s the same: Bull-side exposure is getting steamrolled.
Bitcoin’s rally is stalling near the critical $105,000 resistance. Momentum is fading, technicals are running hot, and holders are locking in profits — all classic signs of an overheated setup.
Source: TradingView (BTC/USDT)
Shorts are clearly stepping in to fade the euphoria.
XRP isn’t escaping the heat either. Short-sellers are in the driver’s seat, dominating order flow and ambushing bullish entries.
Long liquidations have surged to $16.2 million, accounting for nearly 80% of total XRP wipeouts.
Unless Bitcoin flips $105k with conviction, expect liquidity squeezes to persist — and that makes XRP’s path beyond $2.60 a tough climb in the short term.
BTC holds the key to XRP’s $3 play?
Recently, XRP briefly flipped Tether [USDT] in market cap, claiming the third spot among crypto heavyweights. While short-lived, it delivered a strong psychological jolt to XRP bulls.
As AMBCrypto flagged earlier, with BTC grinding toward a local top, the rotation narrative is heating up.
Right on cue, XRP/ETH tagged a structural support zone, and with ETH looking overextended, the reversal play lit up.
Result? XRP’s market cap blasted past $150 billion, riding a momentum burst straight out of the rotation playbook.
The psychological impact? Tangible. Binance reserves for XRP slid from 2.906 billion to 2.89 billion – signaling active offloading into cold wallets or strategic accumulation.
Source: CryptoQuant
Overall, BTC’s sideways chop is priming the pump for altcoin inflows, but the real fireworks will light up when BTC shatters the $105k resistance.
That’s when short squeezes will rip through, and XRP is perfectly positioned to capitalize on that liquidity squeeze.
With robust on-chain demand building a solid foundation, hitting $3 XRP isn’t just a pipe dream. It’s a build-up waiting for a Bitcoin-fueled breakout.