Will XRP price benefit from a short squeeze in July?
Crypto NewsTuesday, July 8, 2025 at 4:27:27 PM
XRP's price is showing some interesting movement, with two chart patterns hinting at a possible short squeeze in July. For those not glued to crypto jargon, a short squeeze happens when traders betting against a token (shorting) are forced to buy it back as prices rise, driving the price up even more. XRP was trading at $2.30 on June 8, up 20% from its June low—so there's some momentum building. Whether this turns into a bigger rally depends on how the market reacts.
Editor’s Note: If you're holding XRP or watching crypto markets, this could be a sign of volatility ahead. Short squeezes can lead to sharp price jumps, but they're unpredictable. For traders, it’s a heads-up; for casual observers, it’s another example of how wild crypto can be. Either way, July might get interesting for Ripple’s token.
— Curated via WP Now’s
