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XRP price gains as major leveraged long positions are liquidated, clearing the way for potential upside.

Technical Signals
30 May 2026
Blockonomi
View Source
Bullish
pluang ai news

XRP's recent price recovery is driven by the liquidation of most major leveraged long positions accumulated in May, which has cleaned the market structure and removed downside liquidity traps. Technical indicators like MACD and RSI are turning bullish, with XRP forming higher lows on the 4-hour chart and trading above $1.34. The key resistance level to watch is near $1.38, and a breakout above this could open the path to $1.42. While XRP remains below its May high of $1.55, the reduced leverage and improving momentum suggest a healthier market environment and potential for further gains.

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