XRP liquidation waves on January 5–6: $4.4M shorts, ~$4M longs; Binance dominates

On January 5, XRP endured a short squeeze with over $4.4 million in liquidations, and on January 6 roughly $4 million in long positions were cleared, according to CryptoQuant; Binance captured most of the activity. The price trades above $2.20 but faces resistance near $2.25–$2.30 and needs $2.40–$2.60 to reclaim momentum.