XRP price spikes above $1.08, triggering $634 million short‑seller liquidations

On July 2, 2026 XRP broke its $1.0525 resistance, climbing to $1.0829. The surge forced over $634 million in margin closures across the global crypto market, with short sellers absorbing about 80 % of the losses. Analysts note the next critical liquidation zone sits near $1.3095, where roughly $5.8 million remains at risk.

Prediction markets on Polymarket show traders betting that XRP will end July 2026 above $1.20, assigning a 70 % probability to that outcome. At the time of reporting the token traded around $1.14, up roughly 8 % for the week, with resistance near $1.15 and support between $1.08 and $1.10.

Both reports highlight a bullish short‑term outlook for XRP, while warning that further upward moves could intensify forced buying and that a break below $1.08 could reverse the rally.