XRP Sees Back-to-Back Liquidation Waves: Binance Absorbs Majority Of Liquidations
XRP is trading above the $2.20 level after several days of relief-driven price action, offering bulls a temporary pause following months of sustained selling pressure. The rebound has eased short-term stress, but conviction remains fragile. Analysts are increasingly divided on what comes next. Some warn that the broader market structure still points toward a prolonged bearish phase, while others argue that XRP may be in the early stages of a recovery if key levels continue to hold. However, the recovery is running into friction around the $2.25–$2.30 area. This zone coincides with the declining blue and green moving averages, which previously acted as dynamic support during the uptrend and are now functioning as resistance. The rejection near these levels highlights that XRP remains in a broader corrective structure rather than a confirmed trend reversal.Related Reading
While the rebound was impulsive, volume has not expanded meaningfully compared to earlier distribution phases. Short covering and liquidation flows drive the move more than strong spot accumulation. Structurally, the sequence of lower highs from the mid-2025 peak remains intact.
XRP must hold above $2.20 and reclaim the $2.40–$2.60 region to shift momentum decisively. Failure to do so increases the risk of another consolidation or a retest of lower support. In short, XRP is showing relief strength, but confirmation is still missing.
Featured image from ChatGPT, chart from TradingView.com
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