Is a Ripple Surge Heading Towards $3? Potential for Mass Short Squeeze

A heatmap reveals heavy short liquidity at the $3 level, suggesting a potential trigger for forced closures if resistance breaks. This coincides with long-term holders realizing over $2 billion in profits, echoing a July spike near $3.55. Ripple’s partnership with SBI Holdings to distribute RLUSD in Japan by Q1 2026 further supports the narrative of increased market activity. 💰 While currently trading below $3, XRP is fluctuating between $2.85 and $2.95. A clean break above the near-term resistance at $2.90-$2.95 could propel prices to $3.00 and potentially unleash a cascading wave of short squeezes.