XRP breakout above $1.50 triggers short liquidations, open interest jumps

Title: XRP reclaims $1.50 for first time since Feb 15; OI +$34M, shorts liquidated

XRP is back above $1.50. Derivatives activity jumped, and shorts were flushed on the breakout.

CryptoQuant tracks a surge in Multi‑Exchange Open Interest Delta across six venues. Participation is back at multi‑week highs source.

- OI rose about $16M on Mar 13 CryptoQuant.
- A second +$18M wave hit on Mar 16 CryptoQuant.
- Price cleared $1.50, triggering notable short liquidations and adding momentum CryptoQuant.
- Flows point to traders entering, not exiting, as liquidity builds NewsBTC.

The move marks XRP’s first return to the $1.50 zone since Feb 15 CryptoQuant. Price trades near $1.51 and is attempting to stabilize on the 3‑day chart chart.

The broader structure stays corrective. XRP remains below the 50, 100, and 200 MAs, which slope down chart.

Key levels to watch:
- Support: $1.10–$1.20 capitulation area; base built at $1.30–$1.45 chart.
- Resistance: $1.70 initial; $2.00 stronger confluence zone chart.

Volume on the recovery is moderate, suggesting the trend is still forming chart.