XRP spent several sessions pinned near $1 before the market suddenly repriced the token. The move carried XRP to almost $1.69, turning a narrow trading range into one of the strongest rallies in recent XRP price action. BankXRP (@BankXRP) highlighted the move with a CoinGlass liquidation heatmap that shows how leverage helped accelerate the advance.
XRP Breaks Free From $1
BankXRP wrote that XRP went from being “glued to $1.00 for 3 straight days” to almost $1.69 in a single move. The chart supports that description. XRP had struggled near $1, fulfilling earlier predictions that it would sweep under $1. However, things changed quickly with the rise that began around August 19.
The rally then developed in several stages. XRP moved through $1.10, pushed above $1.20, reached around $1.30, then accelerated toward $1.40. Momentum increased sharply above $1.40 before the final surge to $1.69. It then pulled back to $1.50.
Regulatory developments provided an important backdrop. President Donald Trump urged Congress to pass the CLARITY Act at the August 19 White House meeting. The SEC and CFTC also continued work on crypto rules under their existing authority.
XRP just did XRP things
From glued to $1.00 for 3 straight days → to almost touching $1.69 in a single explosive move
Look at that liquidation heatmap longs got REKT on the wick up, shorts got REKT on the way there too
Now cooling off around $1.45-1.50… is this the… https://t.co/I7gwlrSgr2 pic.twitter.com/fZnC63NrW8
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) August 23, 2026
Where Leverage Built
The heatmap adds another dimension to the price move. Bright horizontal areas represent concentrations of liquidation liquidity. The strongest zone on the chart sits near $1, which helps explain that important level before the breakout. CoinGlass describes its heatmap as an estimate of price ranges where large liquidation events may occur.
As XRP climbed, the map showed additional liquidity around $1.20, $1.30, $1.40, and higher levels. Price repeatedly moved into these zones before continuing upward.
That structure helps explain why the rally became so fast. Rising XRP prices can force leveraged short positions to close. Those liquidations create additional buying pressure. The buying then pushes price toward the next liquidity concentration.
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A Potential Setup for Leg Two
BankXRP asks whether the $1.45 to $1.50 area could become a “launchpad for leg 2.” The chart gives traders a clear level to watch. If XRP holds this zone and pushes back through $1.60, the $1.69 high becomes the next major test.
A break above that peak would expose the higher liquidation liquidity visible between roughly $1.70 and $1.80, close to the range ChatGPT expects it to hit by September 1.
XRP has already shown how quickly price can move when it enters concentrated liquidation zones. If buyers regain control above $1.50, another rapid move toward the upper liquidity bands could follow.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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