XRP News Today: XRP Price Hovers Near Critical Support Level Amid Bearish Uncertainty

XRP, the digital currency, is currently trading at $2.16, just above a critical support level of $2.11. This level is crucial because a drop below it could trigger long liquidations, potentially leading to further declines. The resistance zone remains intact at $2.18, indicating bearish indecisiveness and insufficient momentum for a significant upward move.

Over the past 24 hours, XRP has experienced a minor retracement of 0.4%, contributing to a sense of uncertainty among traders. Liquidation heatmaps and long-short ratios suggest mounting pressure on leveraged longs, increasing the likelihood of near-term volatility. The liquidation heatmap for Binance’s XRP/USDT perpetual contract shows heightened activity between $2.00 and $2.11, indicating significant leverage use and making this range an important support point. If selling pressure intensifies and the price falls below $2.11, it could initiate a wave of long liquidations, driving the price lower.

On the other hand, selling has been used to curb short-term advances above $2.18, where resistance has persisted. Traders are awaiting a decisive break beyond this tight $0.07 range to determine the next significant move. Historical liquidation data from Coinglass reveals long-liquidation spikes over the past few months, suggesting that traders have been overly bullish during brief rallies. The recent liquidation chart shows a steady rise in short liquidations, reflecting market indecision. Liquidation highs are followed by minor price appreciation and rapid corrections, illustrating the weak sentiment in the XRP market.

The decoupling of price stability from liquidation volume suggests that current price levels may not accurately reflect underlying risk exposure. If this trend continues, future volatility is likely, especially around high-leverage regions. With XRP’s price stuck between $2.11 and $2.18, and no major catalysts in play, a near-term breakout is uncertain. Traders will look for volume spikes or changes in the liquidation landscape for clues about the next major move. Until then, the outlook remains neutral with a downside risk if support levels do not hold.