Key Insights
- •XRP trades near $1.98 while buyers focus on reclaiming the $2.10 resistance zone.
- •Coinglass shows $29.84M long liquidations, while shorts saw only $1.41M liquidated.
- •Liquidity builds between $2.10 and $2.30, increasing focus on a possible breakout move.
XRP was trading at $1.98, down 3.6% in the last 24 hours. Over the past 7 days, the price has dropped by 5.2%. Trading volume in the same 24-hour period is over $3.8 billion. Price action remains limited, with resistance holding near $2.10.
According to recent data, $2.10 is the main level traders are watching. Liquidity clusters around this area suggest strong activity from buyers above the current price. Market behavior shows that a move above this level may trigger increased interest. For now, price remains within a narrow band, showing no clear trend.
Trendline Retest Complete, CME Gap Filled
XRP recently moved back to retest a long-term trendline that had been broken earlier. After touching this line again, the price reacted and bounced off the $1.97–$2.02 zone. This zone matches the location of a gap on the CME 4-hour chart.
Gaps on futures charts are often watched by traders. Price tends to revisit these levels before making the next move. The bounce from this zone means the gap has been filled. Traders are now looking to see if the price can stay above $2.00.
Long Positions Hit by Heavy Liquidations
Data from Coinglass shows long liquidations of $29.84 million in recent days. Short liquidations were far lower, at only $1.41 million. This indicates that most of the forced exits came from traders who expected the price to rise.
The sharp drop below $1.90 likely triggered this. Many long positions were liquidated as the market moved lower. The strong bounce after this shows that buyers stepped in at lower levels, but the price has not yet regained its earlier range.
Liquidity Builds Between $2.10 and $2.30
A visible liquidity block has formed between $2.10 and $2.30. This is where large orders and potential short positions are sitting. If XRP moves above $2.10, it may push into this area and trigger further moves.
For now, the price remains under this zone. Traders are watching closely. As one analyst noted,
If XRP clears $2.10 with volume, it may open the door to higher targets. Until then, the market stays in waiting mode.
