Recent analysis suggests a possible short-term rally for XRP price toward the $2.15 level. This is fueled by a liquidity cluster near that zone and growing bearish liquidations. Coinglass data reveals significant leveraged positions at this level, highlighting a potential magnet for price action. 24-hour volume reached nearly $9.4 billion, and XRP’s price has fallen nearly 16% over the past week despite a short-term surge in activity. The market dynamics point to a possible break out as the asset navigates recent volatility. The analysis underscores the importance of high liquidity zones for price direction before definitive moves emerge. Experts like Steph Is Crypto highlight this, noting that $2.15 is where XRP’s liquidity lies and predicting a shift towards the upside.
Long-term chart data reveals a consistent ascending structure within an ascending triangle pattern. This suggests a similar pattern to past cycles, and could be significant as price holds above long-term support. However, whether this trend will lead to a breakout above $2.15 depends on broader market dynamics and investor demand around key levels.