Just noticed something pretty wild with XRP liquidations at the start of February. The short squeeze was absolutely abnormal - we're talking a 1,407% liquidation imbalance in a four-hour window. CoinGlass showed $715k in shorts getting wiped versus only $50k in longs. That's the kind of move that catches overleveraged traders off guard.

Looking at the bigger picture though, this came after XRP got hammered from over $3 down to $1.53 in late 2025. The recent bounce to $1.63 was probably just enough to trigger forced closures on people who were betting too hard on a deeper drop. Even the 24-hour data showed an unusual pattern - $4 million shorts liquidated against $6.76 million longs, which is rare after a bearish weekend.

Here's the thing: the current price is sitting around $1.32 with only a minor uptick today. Technically, we're still below key resistance zones like $1.89 and $2. If this liquidation squeeze was just mechanical and not backed by real buying pressure, there's still downside risk toward $1.45. The higher timeframes still look bearish, so the real question is whether this was an actual reversal signal or just a temporary whale trap. Without a push back above $1.80, it might just be traders learning an expensive lesson.