XRP Short Liquidation at $3.092 Signals Short-Squeeze Momentum

I notice a $120K XRP short was liquidated at $3.092, which typically indicates short-covering and immediate buying pressure around that level. This kind of liquidation often creates a short-term momentum spike and higher intraday volatility.

I interpret this as a bullish near-term signal but not definitive proof of a sustained uptrend — liquidation-driven moves can be followed by profit-taking or retests of the liquidation price.

I'll watch for volume confirmation and follow-through above $3.10 before committing more capital; traders can consider a short-term long with tight stops, while longer-term holders should wait for consolidation or a clean breakout.