Massive XRP Liquidity Cluster Emerges Above $3.2 as Price Holds Key $2.38 Support

XRP

  • There is a large liquidity pool at the levels of more than $3.2 which are signs of high leverage positioning in the XRP market.
  • The support is also relatively high at $2.38 and it is not allowing it to decline further, albeit, by 3.9 percent per week.
  • The level of resistance at $2.53 still limits the upward momentum as the traders await an outbound of the range.

A massive liquidity cluster is forming above the $3.2 mark on XRP’s price chart, indicating an area of concentrated leveraged activity. The data, sourced from Coinglass, shows heightened liquidation leverage zones that could soon define short-term volatility. 

XRP is trading at $2.40, which is a reduction of 3.9% in the last seven days, whilst its BTC counterpart is trading at 0.00002223 BTC, which has gained by 0.5 percent in the same period. It is important to note that the traders seem to be gaining trades as the token approaches its imminent support level.

Rising Leverage Activity Points to Growing Market Anticipation Amid Ongoing XRP Consolidation

Recent statistics indicate a growing group of leveraged positions in the range of $3.00 to $3.40 with the highest density being in the range of $3.20. This range has received the focus of traders who are looking forward to directional movement. The bright yellow bands in the Coinglass Supercharts visualization represent increased liquidation leverage, often signaling an area where both long and short positions are stacked.

https://twitter.com/Steph_iscrypto/status/1980902693620117686

Nevertheless, even as the accumulation indicates an increase in the market action, XRP is stuck in a very low trading range. The intraday range is not impressive as between $2.38 and $2.53 there is a 24-hour range indicating less intraday momentum. The existing structure is an indication of increased expectation in the market, although unless a breakout is confirmed, then price action will probably be in a state of consolidation around these prices.

XRP Holds Firm at $2.38 Support as Traders Await Clearer Market Direction

Despite the recent 7-day decline, XRP has managed to hold above a firm support level of $2.38. This area has repeatedly cushioned price drops over recent sessions, preventing deeper losses. Market participants are closely observing whether this level can sustain ongoing sell pressure as liquidity clusters grow above.

Moreover, the relative stability of XRP around support implies that short-term sellers might be depleted. Nonetheless, increasing volume is not seen to be that high, which means that the buyers are not becoming aggressive until there is more certainty on the direction to follow. This stage usually follows the intervals of high volatility particularly where the liquidity accumulates in upper resistance areas.

Resistance Builds at $2.53 as Cluster Expands

On the upper side, the $2.53 resistance continues to limit XRP’s recovery attempts. The zone aligns with part of the emerging liquidity concentration visible on Coinglass charts. If the price approaches this resistance, increased liquidation activity may occur due to tight leverage positioning.

Consequently, traders are watching both key levels — $2.38 support and $2.53 resistance — for short-term cues. Liquidity clustering above $3.2 suggests that once volatility expands, substantial price reactions could follow. Until then, XRP’s movement between support and resistance defines a restrained but critical setup for the coming sessions.


Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0


PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed

Leave a Reply