- XRP breaks above $2.43 resistance with strong technical momentum
- Open interest hits $5.56B; trading volume reaches $9.40B
- Liquidation cluster around $2.50–$2.52 signals short squeeze potential
- Next key target sits at $2.80 if bullish momentum continues
XRP has gone beyond the $2.43 resistance line, aided by improving volumes in trades and surging investor interest. Open interest is at $5.56 billion, and daily trade volume is $9.40 billion, indicating strong market interest and leaving space for the next swing to $2.80.
XRP Price Clears Major Technical Hurdle
XRP has officially broken above $2.43, a critical resistance level that capped price action for weeks. The move also takes XRP out of a descending triangle pattern that’s been forming since the March peak near $3.80.
The token trades favorably above its 20-day ($2.22), 50-day ($2.21), and 100-day ($2.36) moving averages. The 200-day moving average at $2.14 has been a reliable support point since June. Top resistance points in the near-term remain between $2.48 and $2.80, and support is near $2.21 and $2.14.
Also Read: XRP’s Strong Momentum: Will It Hold Above $2.30?
Derivatives Data Signals Strong Market Participation
According to Coinglass statistics, XRP’s open interest has risen to a high of $5.56 billion, reflecting high interest from futures speculators. The daily volume has risen to $9.40 billion, reflecting additional action in spot as well as the derivative marketplaces.
This rise in both OI and volume with negligible price rejection shows the forming of long positions rather than the unwinding of the same, showing more confidence in the Bull.
Liquidation Heatmap Shows Pressure Building at $2.50
Binance 24-hour liquidation heatmap shows us a high concentration of short liquidation points in the range of $2.48 to $2.52. If XRP keeps pushing higher and crosses this area, it might create a short squeeze, driving the price even more toward $2.80.
Below the current levels, there is tangible support at around $2.35 and $2.30, where the long liquidations accumulate, cushioning in the case of retracement in the market.
What to Watch Next
XRP’s surge beyond $2.43 is supported by technical power, increasing interest in the derivatives market, and defined liquidation zones. If the token manage to pass $2.50, the next expected rally would be to test the $2.80 area. Another break higher would recreate the route to the $3.00 psychological area, last traded in early 2025.
Also Read: XRP Whale Wallets Hit 47.32 Billion in Holdings With Price at 7-Week Peak
Disclaimer:Â This article is based on real-time market data and general technical observations. It does not constitute financial advice. Always conduct your own research before making investment decisions.
Sadia Ali
