XRP has significant short pressure, with $3 billion in liquidation imminent. Can a bullish breakout trigger a surge? Recent XRP price fluctuations have been in the range of $1.339 to $1.35, boosted by the US-Iran ceasefire negotiations, with a daily increase of about 3%. The key resistance zone is between $1.34 and $1.355, and analysts indicate that a breakout above this level is necessary to target higher goals. Downside support levels are at $1.31 to $1.32; if broken, the price may return to a consolidation zone. The market is awaiting US economic data, and short-term dynamics are worth watching. According to Gate News, XRP recently fluctuated between $1.339 and $1.35, boosted by news of the US-Iran ceasefire negotiations, with a daily rise of about 3%. Although the gains are smaller than Bitcoin and Ethereum, active buying helped XRP rebound from the demand zone of $1.28 to $1.29 and re-establish above the $1.30 to $1.32 range. Analyst CW pointed out that the $1.34 to $1.355 red supply zone is critical; if bulls can successfully close above this area, the next focus is on $1.42, with resistance at $1.47 to $1.50 potentially making $1.45 a target. On the downside, support is at $1.31 to $1.32; if broken, $1.28 will serve as a bottom support, and further decline could lead to a re-entry into a consolidation zone. CryptoQuant analyst Maartunn reported that open interest has risen to $951 million, with funding rates turning negative, indicating strong short pressure. The concentrated liquidation amount above the price reached $3.06B, with about $319 million near $1.356; if this resistance is broken, shorts may be forced to close positions, leading to a short-term squeeze. Santiment data shows that the average investment amount in active XRP Ledger wallets over the past year has decreased by 41%, and MVRV is at its lowest level since the FTX collapse in 2022, indicating traders are generally in deep loss. Monday's rally was mainly driven by macro events, with limited connection to specific Ripple news. The market is still waiting for US economic data, including Wednesday's Federal Reserve meeting minutes, Thursday's personal consumption expenditure inflation data, and Friday's Consumer Price Index (CPI) release. Since reaching a high near $3.60 in July 2025, XRP has formed a downward channel, with prices failing to break through at $3.18, $3.10, $2.41, and $1.60. In the short term, investors should focus on key resistance and support levels and watch for volatility opportunities caused by short squeezes. #Gate广场四月发帖挑战