XRP has rebounded to $1.39, marking an 8.2% increase in the past 24 hours, following a significant liquidation event that saw $1.69 million in long positions wiped out. This liquidation spike, the largest on February 28, reset the market's leverage, allowing XRP to stabilize within its previous trading range. The token's current price positions it closer to the $1.43 resistance level, with support at $1.27. The recent volatility was driven by a sharp increase in long liquidations, which dominated the market activity, while short liquidations remained limited. As the market adjusted, XRP's price action narrowed, indicating a shift from panic selling to more controlled trading. The focus now is on whether XRP can maintain its momentum above $1.39 and potentially break through the $1.43 resistance, which could lead to further gains.