XRP is oscillating within a new price range, having cleared significant liquidity levels. It currently trades between $2.82 support and $3.02 resistance.
XRP Clears Key Liquidity Levels
XRP has surpassed several liquidity levels following a sharp price increase that allowed the asset to move past multiple short-term hurdles. At present, XRP trades around $2.90, down 2.6% in the last 24 hours. Despite price swings, the $2.82 support level has remained firm, helping to uphold the bullish structure formed earlier this month.
Liquidations Surge Amid Price Volatility
CoinGlass data shows a significant increase in long and short liquidations, reflecting heightened leverage and increased market volatility. The liquidation chart indicates that recent XRP price movements led to notable losses in both long and short positions. Long liquidations dominated as the price approached $3.00, whereas short liquidations surged following the breach of the 2.50 level.
XRP Holds Steady Within Key Support-Resistance Zone
XRP's current price is contained within a narrow 24-hour range from $2.82 support to $3.02 resistance. The $2.82 level represents the lower threshold where recent pullbacks found their low. Meanwhile, the $3.02 resistance level has become a crucial pivot point. A sustained break above $3.02 could expose higher levels, but failing to do so keeps focus on the $2.82 floor.
XRP demonstrates volatile price movements with a passage above key liquidity clusters, currently situated near a critical resistance level. The situation underscores market uncertainty with active trader behavior.
