XRP Reclaims $1.50 as Open Interest and Short Liquidations Intensify Rally

XRP has moved back above the $1.50 mark and is trading near $1.51 after weeks of consolidation, with derivatives positioning and liquidations now playing a larger role in price action. CryptoQuant data shows two notable waves of open interest growth on March 13 and March 16, followed by forced liquidations of short positions as XRP pushed through $1.50. While the rebound from the $1.10–$1.20 area has improved sentiment, XRP still trades below key moving averages and faces resistance around $1.70 and $2.00.