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XRP and NEAR lead $666M crypto short squeeze as prices surge in 24 hours

Market News
21 Sep 2026
UToday
View Source
Bullish
XRP and NEAR lead $666M crypto short squeeze as prices surge in 24 hours

A sharp price increase in XRP, NEAR, and other altcoins triggered $666 million in forced liquidations of short positions within 24 hours, marking the largest wave of crypto short squeezes in months. XRP rose nearly 8%, NEAR surged over 11%, and Bitcoin and Ethereum also saw significant gains, causing massive losses for short sellers. This short squeeze reflects a shift in market momentum toward buyers, with critical resistance levels identified for further price moves. Traders should watch key price zones where new short-selling pressure could emerge.

As of Sep 21, 2026 22:43 WIB, XRP and NEAR continue to show strong gains on Pluang, with XRP up 8.09% at Rp26.532 and NEAR rising 8.14% to Rp71.813. Bitcoin and Ethereum also gained, with BTC up 7.12% at Rp1.533.807.548 and ETH up 6.05% at Rp48.807.417. The notable surge in XRP’s price on Pluang highlights its leading role in the recent altcoin momentum shift.

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