$2 XRP in February Not Just a Dream as Bears Become Worryingly Safe in 'Crypto Winter'

After a wild week, $XRP is now really close to a full long leverage reset, but the bear side of the market seems to have missed this detail amid all the turbulence of the "crypto winter" in January. As CoinGlass data proves, with a current price of about $1.74, $XRP is just 2.14% away from hitting its "max pain" threshold of $1.7224.

On the other side is a 20.13% climb toward the max pain of the short sellers right at the "sweet" spot of $2.09478 per $XRP. Considering the essence of the $2 threshold for $XRP, and crypto marker's old prophecy — "the most entertaining outcome is the most likely" — stage seems to be set for the altcoin to trigger millions worth of bears' margin calls in February.

As a matter of fact, short positions are now almost 10 times larger than longs, creating a powder keg under any upside impulse.

$XRP may be behind Solana, Ethereum and Bitcoin in terms of net pain metrics but has one of the tightest long proximity triggers on the chart. While bears are getting comfortable, the danger is not from a collapse; it is from a grind higher that resets everything.

Bear euphoria meets $XRP price math

$XRP lost the $1.89 structural level this week and rejected twice below $1.93. But instead of collapsing, the chart is accumulating around the $1.72-$1.76 liquidity band, refusing to flush further. Squeeze rallies tend to start with a stall, followed by a sharp breach once fuel accumulates. In this case, "fuel" means short margin exposure.

If the $XRP price hits $2 in February, it'll be the highest number for bears in a month. If the price even taps $2.0947 again, it will unwind 20.13% of the short-side pressure in a single wave.

The only thing missing is a stable funding rate and optimism on the market. Once these conditions are set, the bears' lead may quickly get recalculated in max pain math.