XRP Price Trapped in Wedge: Can Short Squeeze Trigger a Breakout?

XRP price remains stagnant, trading within a tight wedge between $2.94 and $3.35. Repeated failed breakouts and fakeouts highlight the current indecision. Over $1.84 billion in short positions are stacked above $3.04, creating potential for a ‘short squeeze’ if a clear breakout occurs above $3.13. While whales continue to accumulate XRP, the structure remains dominant, trapping both bulls and bears.