XRP is witnessing an extraordinary rise and it may have big implications for the market. After rising more than 14% in the last 24 hours, it is trading at $2.71 at the time of publication, approaching to break the $3 resistance. This rise has been driven by increased investor enthusiasm regarding the launch of the new RLUSD token from Ripple. If XRP hits $3, it will be its highest price since 2018 and potentially trigger a significant short-squeeze event. According to data shared by Ash Crypto (@Ashcryptoreal), a well-known cryptocurrency expert in XRP, over $272 million in XRP shorts are at risk of liquidation if the digital asset reaches the $3 price point. The attached chart shows an accumulation of short liquidation leverage near that level, signaling a critical threshold for traders.