XRP's Price Surge Triggers Short Liquidations Amid Escrow Unlock

XRP's recent price surge can be attributed to a combination of factors. The release of 1 billion XRP as part of Ripple's monthly escrow unlock added roughly 300 million XRP to the circulating supply, but instead of selling pressure, data showed significant withdrawals from major exchanges.

This was interpreted as whales moving coins off exchanges and reducing immediate sell-side liquidity. Meanwhile, daily new XRPL wallets jumped to 4,941, indicating supportive on-chain activity.

XRP's climb through the 1.02-1.06 dollar zone triggered short liquidations, with XRP shorts accounting for about 80.6 percent of related losses out of roughly 634 million dollars in total crypto liquidations.

The technical breakouts and short squeeze dynamics added upward pressure to XRP's price. The asset broke a 4-hour downtrend line and confirmed an ascending triangle breakout, with price reclaiming horizontal resistance around 1.08-1.10 dollars and testing 1.12 dollars as a target zone.