Ripple Price Surges 5% But Analyst Refuses to Trust This XRP Pump

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Well, well, well. The entire cryptocurrency market seems to have remembered that it’s alive, and naturally, Ripple’s cross-border token is hopping on the bandwagon, climbing 5% to almost $1.50. Good for it!

Now, analysts are having their say. Some are throwing around the idea that XRP might be in a “key sell wall zone” (which sounds a lot more dramatic than it is), suggesting that this little surge could be a sign that it might challenge $1.95. Others, however, are busy dealing with some serious trust issues, like that one friend who’s always saying they’ll pick up the bill but never does.

$1.95 or Dead-Cat Bounce?

As XRP did its thing, CryptoWZRD (yes, that’s a name, apparently) pointed out that XRP had closed “indecisively” – as if anyone cares. But wait! If it breaks through the mystical $1.43 resistance, we might just see a more “sustainable rebound” (sure, let’s roll with that). Of course, this is all speculation, but hey, it’s fun to imagine, right?

Fast forward to XRP nearly touching $1.50, its highest price tag in over two weeks. Meanwhile, CW, the chart enthusiast, put out a very serious chart showing that this level is “a major sell wall.” So, if this wall gets knocked down, XRP could just cruise along till it hits $1.95. Simple, right?

$XRP has reached the sell wall zone.

If it breaks through this sell wall, there is no other resistance until $1.95.

– CW (@CW8900) March 16, 2026

But here’s the kicker: Cobb, one of the most vocal members of the XRP Army, is still holding onto a strong “I’m not convinced” stance. You see, Cobb’s been burned before, watching XRP pump up only to fall back into its sad, tight trading range like a New Year’s resolution. But this time, the Bollinger Bands are “squeezing,” which apparently suggests something big is coming – or not. No pressure, right?

No Shorts on XRP?

And here’s a plot twist: CW’s latest post reveals that “there are almost no short positions on XRP.” Now, why would that matter? Well, turns out, XRP’s futures open interest has surged by 16.5% in the past week, reaching over $1.6 billion. That’s a lot of money, folks, and it suggests that traders might be expecting something big. Or maybe they just have a lot of spare cash lying around. Who’s to say?

There are almost no short positions on $XRP.

– CW (@CW8900) March 16, 2026

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2026-03-16 10:40