XRP Price Prediction: $70M Liquidity As XRP Tests $1.70 – $1.60 Next?
XRP is experiencing further selling, now trading around $1.70 after another round of rejection. The token fell by 2.5% in the last day and is having trouble stabilizing after the recent fall. The rapid return of downhill speed is particularly noteworthy.
This shows that the market is still weak. Buyers move away, and every little rally is quickly met with more sales. Right now, XRP seems to be still correcting rather than preparing for a strong recovery.
They beat bullish traders with $70 million in liquidity
The recent rebound sparked more than $70 million in XRP futures liquidity, most of which came from long positions. Simply put, many traders are positioned for a retracement, and when the price falls below key levels, forced selling begins.
As XRP fell below nearby support zones, profit calls accelerated the decline. This type of liquidity cascade often creates exaggerated movements, where the sell-off feeds on itself rather than reflecting a sudden change in fundamentals. It also explains why the price struggled to stabilize quickly after the initial dip.
Here are the main points of Liquid Data:
Most of the liquidation came from long positions, which shows that traders are still optimistic. Forced selling made the market volatile rather than traders taking natural profits. The benefit is diminishing, but not yet completely wiped out from the market.
Weak bitcoins make appetite low
XRP's weakness is part of a larger trend. Bitcoin's slow price movement has made the entire crypto market more cautious. Traders often short altcoins when Bitcoin isn't moving higher, especially those that are already under pressure.
At the same time, there is little evidence of aggressive dupe buying. Spot demand appears thin, suggesting many investors are waiting for clearer confirmation before jumping back in. Until overall market confidence improves, XRP remains sensitive to downward movements.
XRP technical drawing points to $1.60
On the 4-hour chart, the XRP price forecast is very weak as XRP continues to make lower highs and lower lows following a clear downtrend with limited recoveries since mid-January. The price dropped below the 1.618 Fibonacci retracement near $1.73, drawing attention to lower support levels.
XRP is now above $1.64, which corresponds to the 2.272 Fibonacci extension. This area can provide short-term relief, but it usually does not hold as a bottom during a strong downtrend. If the price is below $1.64, it could move to $1.60 to $1.59, where the extension of 2.618 and previous liquidation is available.
Momentum continues to support a bearish outlook. RSI is still below 40 and approaching oversold territory, with no bullish divergence. This indicates continued weakness rather than an end to the downturn.
To improve sentiment, XRP should move from $1.75 to $1.78, and back above $1.86. Until that happens, the technical outlook suggests caution, with $1.60 as the next important level to watch on the downside.
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