Crypto analyst Xaif (@Xaif_Crypto) has been monitoring XRP closely, having highlighted a potential short squeeze 10 hours prior to the actual price movement.
He later confirmed the breakout in a new post as XRP surged upward on the 15-minute chart, jumping vertically from approximately $1.49 to $1.5297 in a sharp, sudden candle.
According to the chart, the McGinley Dynamic 14 indicator trails beneath the current price action, indicating that momentum has outpaced the smoothed trend line. This breakout candle contrasts sharply with an extended phase of consolidation and selling pressure shown on the left side of the chart.
Let's go! $XRP just ripped the bears apart. https://t.co/NoY7ZHHSWL pic.twitter.com/ZmS21CSLXf
— Xaif Crypto (@Xaif_Crypto) October 2, 2026
The Short Squeeze Setup
Prior to the price spike, XRP traded in a tight range between roughly $1.49 and $1.51 for an extended duration. This consolidation phase featured successive red candles driving the price down toward $1.4865, frustrating investors as XRP continued to decline despite significant positive news. Ultimately, a single green candle wiped out that downward pressure.
At the time of the screenshot, the McGinley Dynamic indicator was positioned near $1.5006, failing to keep pace with the asset’s price. This separation between the indicator and the price points to rapid and forceful movement. The captured candle ultimately closed at $1.5297.
Approximately 10 hours before the breakout candle emerged, Xaif had shared a post stating that “the biggest short squeeze in history could happen.” A short squeeze takes place when traders who have shorted an asset are compelled to repurchase their positions as prices increase, which subsequently drives prices even higher.
Community Reactions
Reactions to the post varied. While one skeptical commenter argued that a meaningful squeeze wouldn’t happen until XRP surpasses $2, another noted that Bitcoin was climbing simultaneously, implying that XRP’s movement stemmed from a general market rally instead of an isolated event.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
Another user brushed off the movement entirely, pointing out that it amounted to only a two-cent change and claiming the chart was zoomed in to exaggerate the candle’s impact. The user remarked, “Not 1 bear was ripped apart in that sad attempt of a push.”
XRP’s Next Steps
XRP made rapid gains on the 15-minute timeframe. After initially predicting the setup, Xaif celebrated the price action. Following a recent forecast by a prominent analyst pointing to a massive breakout, the market will now determine whether $1.5297 serves as the foundation for that larger move or merely a temporary high.