High leveraged orders at risk

As expected, these bullish signals put about $150 million worth of high leveraged shorts at the risk of liquidation. And, these orders were placed between the $3.27 and $3.37 levels.

In the event that the price respects bulls’ control, a run on these shorts could result in a short squeeze. This could see the price of XRP breach the $3.50-level on the charts.