XRP is targeting a price of $1.3819 following a liquidity sweep below $1.30 on May 23. The cryptocurrency is currently trading at $1.3404, with a bearish daily bias as all four EMAs are stacked above the price. Long liquidations reached $1.37 million over the past 24 hours, compared to $154,760 for shorts. The XRP ledger is set for an upgrade on Wednesday, which will address expired NFT offers and other technical issues. Meanwhile, futures volume has decreased by 16.77% to $2.02 billion, with open interest slightly down by 0.33% to $2.87 billion, indicating a reduction in positions rather than new directional bets. The 24-hour long/short ratio stands at 0.9223, with longs absorbing significant losses.