XRP Primed for $6 Surge—Even as Long Squeeze Wreaks Havoc

XRP bulls are biting their nails—but the charts scream opportunity.

The squeeze is on

Leveraged longs just got steamrolled as XRP dipped below key support. Yet somehow, the $6 price target looks more plausible than Wall Street ethics.

Technicals trump pain

Descending wedge breakout? Check. Historical support retest? Double-check. This ain’t hopium—it’s math. Even with margin calls flushing weak hands, the 2021 fractal suggests a rocket ride ahead.

The cynical kicker

Banks will still call it a 'scam' while quietly hoarding bags. Classic.

TLDR

• XRP fell by 12.22 percent on July 24 and is now trading at $3.04.
• Long buyers faced over $112 million in liquidations within 24 hours.
• VERT’s $130 million tokenization failed to drive the expected price surge.
• XRP formed a bullish cup and handle pattern that could lead to a 91% rally.
• The price must break above $3.39 to keep the upward momentum alive.

XRP recorded a steep drop of 12.22% on July 24 to trade at $3.04, shaking bullish sentiment across markets. The fall triggered over $112 million in liquidations, mostly affecting long buyers expecting gains from recent developments. As the broader crypto market struggled, XRP stood out due to the scale of the long squeeze.

Long Buyers Face Record Liquidations Despite VERT’s $130M Deal

The xrp price failed to rise despite the announcement of VERT’s $130 million debt tokenization using the XRP Ledger. This disappointment led to over $105 million in long positions liquidated, surpassing even Bitcoin’s liquidation value of $76 million. The timing coincided with buyers entering positions on July 23, hoping for an upward rally.

While total market liquidations crossed $889 million, XRP’s liquidation volume remained significant compared to its open interest size. Bitcoin’s open interest stands at $82 billion, yet XRP’s $9.08 billion figure faced a higher liquidation hit. This marks one of the most severe long squeezes seen in XRP throughout 2025.

Though the VERT news appeared bullish, traders exited quickly after the price reaction failed to meet expectations. The impact was not just psychological, as support levels came under immediate pressure. As a result, XRP short-term sentiment remains weak even with earlier bullish indicators present.

XRP Price Forms Bullish Patterns but Needs Break Above Key Resistance

Despite the downturn, XRP has formed a technical pattern known as the cup and handle, typically a bullish signal. Analysts identify $3.39 as the resistance level to watch, as clearing it could lead to a 91% surge. If this plays out, XRP could potentially reach $6 within the next market phase.

A golden cross pattern appeared on July 21, indicating a possible long-term bullish trend based on past movements. Historical data from August 2024 showed a similar setup followed by a five-month rally of over 500%. The XRP price prediction remains contingent on returning volume and breaking resistance.

Support remains intact for now, and the pattern’s structure offers Optimism if buyers regain momentum soon. However, without significant inflow and sustained demand, bears may drive the price toward the next support at $1.77. For now, XRP must hold its current levels to prevent further downside pressure.

Bull Flag and Past Trends Support Potential for $6 Target

The XRP price prediction received another boost after analysts identified a bull flag pattern that remains active despite the 12% drop. One analyst maintained a $15 forecast, pointing to continued long-term upside based on historical technical trends. This projection remains speculative but adds context to the ongoing price movements.

For XRP to reclaim upward momentum, the price must rise above near-term resistance and sustain new buyer interest. Otherwise, the previous golden cross and bullish patterns may fail to push prices higher amid broader market weakness. The next few days remain critical in determining XRP’s near-term direction.

XRP continues to hold technical structures that support further gains, yet market pressure threatens this setup. Buyers need to return in strength to validate bullish predictions and test higher resistance levels. Until then, the XRP price prediction remains tied to market-wide recovery and renewed confidence.