XRP Jumps 4% to $1.40: What Is Going On?

XRP (CRYPTO: XRP) on Monday broke above $1.38 after a buildup of short liquidations, with liquidity pockets higher serving as potential next targets.

Does XRP Lack Buying Strength?

On Sept. 13, crypto chart analyst Ali Martinez highlighted XRP’s breakout setup, identifying $1.31-$1.35 as key support and $1.38 as the breakout level.

XRP has since cleared that resistance, gaining 4% over the past 24 hours. Coinglass data shows short liquidations over the past 24 hours increasing to $2.79 million/

Martinez now predicts a “sustained close above $1.38 would confirm the move and could open the door to a rally toward $1.60”

Open interest has dropped from $2.85 billion to $2.83 billion in a single day raising doubts if the rally lacks new buying strength and could lose momentum.

Liquidity Pockets Point To Next Targets

Cryptoinsightuk on Sunday identified $1.29 as an important daily support level, with another liquidity pocket around $1.26.

The analyst highlighted hourly liquidity around $1.49 and $1.55, making those levels potential targets if XRP holds support and shorts get squeezed.

On the daily chart, an even larger liquidity cluster sits between $1.70 and $1.85.

Downside risk remains.

The trader sees liquidity near $0.96 if XRP loses its current structure but expects the larger liquidity pools overhead to eventually attract price.

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