- XRP cleared all major liquidity clusters, now locked in between $2.82 support and $3.02 resistance.
- Long and short liquidations surged as traders reacted to volatile swings above $2.50.
- BTC and ETH pairings remain stable, with focus now on whether XRP can sustain gains above $2.90.
XRP has cleared major liquidity clusters across recent price ranges, following a sharp rebound that pushed prices beyond several short-term hurdles. As of the latest session, XRP trades at $2.90, down 2.6% over the last 24 hours. The price remains volatile after rejecting just below the $3.02 resistance zone. On the downside, $2.82 has held firm as immediate support, maintaining the bullish channel structure formed earlier this month.
Notably, the asset surged past dense liquidity bands visualized in recent heatmaps, indicating aggressive upward movement through previous consolidation zones. These liquidity pockets—once visible from late May through early July—have now been fully absorbed, suggesting sellers have been exhausted at those levels.
The clearing of those clusters coincides with increased price velocity, marking a shift in XRP’s short-term structure. This transition now places emphasis on the current market reaction to resistance at $3.02.
Rising Liquidations Reflect Aggressive Price Swings
CoinGlass data shows a significant increase in long and short liquidations, reflecting higher leverage and increased market volatility. The liquidation chart reveals that recent XRP price action caused notable wipeouts in both long and short positions.
While XRP approached $3.00, long liquidations dominated, especially during quick price rejections. Short liquidations were, in contrast, rampant in the breakout that occurred immediately after the breach of level 2.50.
This tendency shows that leveraged traders are still responsive to intraday fluctuations, in which volume spikes are enhanced at resistance and support levels. Although the daily decrease is at 2.6%, volatility levels have not subsided in the derivatives markets, indicating continued speculative behavior.
XRP Price Holds Steady Within Key Support-Resistance Zone
The recent price is inside a narrow 24-hour range, from $2.82 support to $3.02 resistance. The $2.82 area is the lower level where recent price pullbacks have found their low.
Simultaneously, the $3.02 resistance level has become a cornerstone pivot. It aligns with earlier consolidation tops, now acting as a short-term ceiling. Breaking above $3.02 for a while could expose higher levels, but failure to do so keeps the focus on the $2.82 floor.
Stability is also indicated in pairing metrics, as XRP stands stagnant against BTC at 0.00002482 and records marginal gains of 1.6%. These persistent cross-pairings favor the contention that price action is essentially spot-dominated at present.
