XRP's short sellers are at risk of losing over $57.80 million as market sentiment suggests a potential reversal. On-chain metrics show that short sellers are heavily over-leveraged at the $3.25 level. On the other hand, bulls are significantly over-leveraged at the $3.00 level. XRP's price has shown strength and reached $3.21, with upside momentum. If the price continues to rise and reaches $3.25, nearly $57.80 million worth of short positions could be liquidated. Trading volume has decreased amidst the volatility. Technical analysis suggests that XRP is bullish and has the potential to soar by 35% to reach $4.50 if it closes above the $3.34 level. The Relative Strength Index (RSI) is at 65, indicating potential upside momentum. Overall, on-chain metrics and technical analysis suggest that bulls are currently in control and could help XRP break out of its consolidation zone.



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