- Ripple’s XRP maintained stability after slipping from $3.02 to $2.99, showing resilience near the crucial psychological support zone.
- A significant liquidity pool is forming between $2.00 and $2.25, indicating a key target zone for future price movement.
- Sustained stability above $3.00 could trigger upward momentum toward $3.05, aligning with liquidity-driven activity and market accumulation.
XRP traded near $3.00 after experiencing a gradual intraday decline earlier in the session. The price fell from approximately $3.02 to $2.99, forming a short-term correction pattern on Binance’s 1-minute Heikin Ashi chart. However, the token later regained footing and stabilized near the key psychological level of $3.00.
The price action reflected a shift from early selling pressure to moderate buying interest around midday. Volume activity reached 4.93K XRP, showing limited but steady participation during the recovery phase. Despite narrow fluctuations, XRP maintained composure within a tight trading range between $2.99 and $3.01.
Moreover, repeated rejections above $3.01 indicated a buildup of supply resistance, while consistent support around $3.00 prevented deeper declines. The consolidation pattern suggested a neutral market stance as traders awaited a clearer direction. The technical structure pointed toward controlled volatility following earlier intraday weakness.
Liquidity Heatmap Highlights Key Price Zones
Recent liquidity heatmap data from CoinGlass revealed a significant accumulation of liquidity between $2.00 and $2.25. A distinct concentration near $2.25 formed a bright zone on the chart, marking it as a potential liquidity target. The color gradient reflected strong order clustering, representing a critical region of active buy and sell interest.
Source: Tradingview
Such liquidity pools often attract price movement as market makers aim to execute pending orders. XRP’s recent sideways structure and the emerging liquidity above its current range point toward a possible upward movement. The heatmap also displayed lighter zones below $2.00, indicating less liquidity and freer price movement if the market turns downward.
The $2.25 area could therefore become the next focal point for a liquidity-driven move. Price acceleration toward that zone may trigger high-volume reactions, followed by potential short-term reversals. This setup underscores XRP’s evolving balance between accumulation and breakout potential.
Technical Outlook and Broader Context
If momentum strengthens, XRP could extend gains toward the $3.04–$3.05 range, signaling short-term recovery continuation. A breakout above $3.02 would confirm renewed bullish control in line with the broader liquidity buildup. Conversely, a dip below $2.99 could trigger another brief selloff toward $2.97 before recovery attempts resume.
The current technical posture highlights equilibrium between demand and supply within the narrow range. Sustained stability above $3.00 may act as a launch point toward higher liquidity zones identified on the chart. Meanwhile, lower liquidity beneath $2.00 remains a secondary area for potential support if selling pressure re-emerges.
Overall, XRP’s market activity reflects measured consolidation alongside growing liquidity interest at $2.25. The ongoing accumulation phase indicates preparation for a larger directional move. Consequently, the token’s short-term stability may precede an attempt to engage the higher liquidity region visible on the market map.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
