Analyst Steph Is Crypto has made a bold claim regarding XRP's potential rise to $5.40 that could lead to the liquidation of short positions.
Current XRP Market Situation
As of the time of reporting, XRP is trading at $3.19 after breaking through the psychological $3 barrier, a level that had previously acted as resistance but is now viewed as a potential 'liquidation corridor' up to $5.40.
Derivatives Data
Open interest data in the futures market shows that a significant portion of that exposure comes from short positions, creating the technical conditions necessary for a powerful price squeeze.
Growth Factors and Risks
For Steph’s projection of a relentless push toward $5.40 to materialize, several factors need to align: sustained buying volume, rising funding rates, continued accumulation, and the absence of strong selling walls.
The analyst’s view suggests that the potential rise of XRP to $5.40 could indeed lead to numerous short liquidations, though the presence of significant liquidity pockets and mixed whale activity introduces uncertainty.
