INSUBCONTINENT EXCLUSIVE:
Key takeaways:XRP (XRP) price is down by 7.6% on Tuesday to an intraday low of $2.80 from a five-month high above $3 on Monday
For example, the last time the XRP/USD pair ran into resistance at $3 in March was followed by a 46% drop in price to a multimonth low of
$1.61 reached on April 7.XRP/USD four-hour chart
Source: Cointelegraph/TradingViewIf XRP breaks $3, the next stop could be new all-time highs, said crypto analyst CasiTrades in a Tuesday
saysCasiTrades said a breakout above $3, followed by a quick retest that confirms it as a new support, would see immediate continuation to
Source: CasiTradesAs Cointelegraph reported, XRP price must break $3 to clear the path toward $3.40 and higher.XRP liquidation heatmap hints
at $3.04-$3.14The Binance XRP/USDT liquidation heatmap reveals key liquidity zones where large liquidation events may occur
These levels often act as magnets, influencing price direction based on the amount of liquidity at a given level.XRP/USDT 24-hour
liquidation heatmap (Binance)
Source: CoinGlassA high concentration of liquidations is visible above $3.04, with the yellow area indicating a cluster of leveraged
short buyers to close positions and driving prices toward $3.14, the next major liquidity cluster.The latest rise in XRP price was
accompanied by an uptick in leveraged positions, with the aggregate open interest (OI) reaching $8.11 billion, up 121% since June 23
This is 3% below the peak of $8.33 billion reached on Jan
19.XRP futures aggregate open interest, SOL
Source: CoinGlassDespite the higher risk of liquidations in the event of a deeper XRP price correction, derivatives data points to further
upside potential.This article does not contain investment advice or recommendations
Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
