XRP Shows Potential for Breakout Near $2.20 Amid Reduced Selling Pressure and Key Resistance at $2.29
The post XRP Shows Potential for Breakout Near $2.20 Amid Reduced Selling Pressure and Key Resistance at $2.29 appeared on BitcoinEthereumNews.com.
XRP’s liquidation heatmap reveals a critical liquidity cluster near $2.20, signaling potential for a significant breakout in the near term. The 30-day Network Realized Profit/Loss (NPL) for XRP has declined by 11%, pointing to a reduction in selling pressure among holders. According to COINOTAG analysis, a decisive move above $2.29 could propel XRP toward $2.45, while $2.08 remains a key support level to watch. XRP’s liquidity concentration near $2.20 and a drop in Network Realized Profit/Loss suggest a potential breakout, with $2.29 and $2.45 as key price targets. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); XRP Liquidity Cluster Signals Imminent Price Movement XRP’s liquidation heatmap highlights a dense concentration of liquidity around the $2.20 price point, indicating a pivotal zone where leveraged positions are likely to be liquidated. Currently trading at approximately $2.14, XRP is positioned just below this critical level, suggesting that market dynamics could soon trigger a breakout. Liquidation heatmaps serve as essential tools for traders, visually mapping areas where stop-loss orders and margin calls cluster, often driving sharp price movements as these orders execute. ‘, ‘ 🔒 Secure and Fast TransactionsDiversify your investments with a wide range of coins. Join now! ‘, ‘ 💎 The Easiest Way to Invest in CryptoDont wait to get started. Click now and discover the advantages! ‘ ]; var adplace = document.getElementById(“ads-binance”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”)); var…
