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XRP jumps from $1 to $1.38 on short squeeze and ETF inflows, eyes key resistance at $1.55.

Market News
29 Aug 2026, 12:30 WIB
CryptoTicker
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Bullish
XRP jumps from $1 to $1.38 on short squeeze and ETF inflows, eyes key resistance at $1.55.

XRP surged from around $1.00 to $1.38 after a short squeeze triggered by breaking a tight price range and a $28 million inflow into XRP ETFs. Key news includes Evernorth clearing an SEC hurdle for a Nasdaq listing and XRP Ledger hitting 5 billion transactions. The price spike was driven more by short liquidations than steady buying, with resistance at $1.43-$1.47 and $1.55 as a critical bullish level. If XRP holds above $1.38 and breaks $1.55, it could retest highs near $1.66 and potentially reach $1.80-$2.00. A drop below $1.30 risks a quick fall back to $1.00. Upcoming catalysts include the Evernorth shareholder vote on September 30 and Bitcoin's price stability above $80,000.

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