XRP Poised Below $1.51 as $47M in Shorts Face Liquidation

XRP has entered a prolonged consolidation phase, trading sideways beneath a key resistance zone near $1.51. Derivatives data and liquidation heatmaps show about $47 million in short positions clustered at that level, creating a visible barrier above the current price and capping upside attempts.

On-chain metrics point to continued stress among holders. Net realized profit and loss figures reveal investors are still selling at a loss, with roughly $117 million in realized losses recorded on February 17 alone. That level of capitulation signals reduced confidence and can limit bullish momentum until selling pressure eases.

At the same time, a cohort of mid-term holders is showing resilience: the three- to six-month holding group has grown from 8% to 15% of total supply. Their reluctance to sell may counterbalance panic-driven distribution and help stabilize price action. XRP was trading at $1.43 while remaining below the $1.51 resistance, which aligns with the 61.8% Fibonacci retracement.

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