XRP surged roughly 22% in 24 hours to approach $1.26, breaking through the July breakout target. Short liquidations could reach $2.2 million at $1.38, adding forced buying pressure to the rally. The $1.40 to $1.50 resistance zone represents the critical test to turn this squeeze into a sustained uptrend. Approximately 1.1% of XRP’s circulating supply moved on August 17 after sitting dormant for an average of 518.95 days, while a 49 million XRP block remains in an unidentified wallet. Bitcoin hit an intraday high of $72,966 on August 20 amid broader risk appetite.
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