XRP is currently trading in a tight range, constrained by a support level at $2.82 and resistance at $2.88. The cryptocurrency faces significant sell-side liquidity above $2.88, which has hindered its ability to break through despite multiple attempts. Traders are watching volume strength closely as a potential catalyst for movement toward a long-term target of $5.42.
The liquidity heatmap indicates substantial market pressure, with large clusters of resting orders just above $2.88, posing challenges for bullish momentum. Conversely, the downside shows thinner liquidity until $2.82, reinforcing its role as a stabilizing point. In the latest trading session, XRP was priced at $2.84, reflecting a 0.5% decline over the past 24 hours, while maintaining parity with Bitcoin and trading flat against Ethereum.
XRP Trapped Between $2.82 Support and $2.88 Resistance Amid Liquidity Challenges
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