Crypto analyst STEPH IS CRYPTO has shared an update on XRP, which has cleared all major liquidity clusters up to the $2.59 level, paving the way for a potential price rally.
Importance of Liquidity Clusters
Liquidity clusters are chart areas where large volumes of orders and stop losses tend to accumulate. These zones can slow down price actions and act as temporary ceilings. Once cleared, the path ahead becomes significantly less obstructed.
Strengthening Market Structure
Recent price actions of XRP are backed by a strengthening technical structure. The market shows strong optimism, supported by increasing open interest in futures and rising trading volumes.
Future Prospects for XRP
The next critical level for XRP is to hold above $2.59. If successful, price movements could swiftly penetrate the $2.70 to $3.00 ranges, while long-term projections may signal growth up to $5.89 and even $10.
STEPH IS CRYPTO's analysis highlights a crucial point for XRP: the absence of heavy resistance could signify the start of a new round of growth.
