🚨Massive XRP Liquidation Incoming?📢 Watch These Levels!🛑

$XRP 's Ascent Amidst Market Turbulence: Key Levels to Watch**

As of March 6, 2025, XRP is trading at $2.55, reflecting a modest increase of 0.0241% from the previous close. The intraday movements have seen a high of $2.64 and a low of $2.47.

In contrast, Bitcoin (BTC) has experienced a slight decline, currently priced at $88,593, down 1.387% from the previous close, with intraday fluctuations between $92,793 and $88,266.

**XRP's Technical Landscape**

XRP has been navigating a volatile market, maintaining a consolidation above the $2 mark throughout most of the month, even amidst significant market liquidations. Recently, it dipped to $1.97 on December 20 but rebounded to reclaim the critical $2 psychological level.

Analysts have identified key support and resistance levels that could influence XRP's trajectory:

- **Support Levels**: Immediate support is observed at $2.17. If this level fails, the next support is at $2.09, with a deeper correction potentially targeting $1.92.

- **Resistance Levels**: Immediate resistance is at $2.50. A decisive breakout above $2.62 could signal the completion of the ongoing correction and open the door for further gains.

**Market Sentiment and Future Outlook**

Despite the broader market selloffs, XRP's resilience above the $2 mark indicates a strong support base. Analysts suggest that a rebound to $2.62 could trigger the liquidation of $20.50 million in short positions, potentially acting as a catalyst for additional upward momentum, possibly driving XRP closer to its next major milestone at $3.

Investors are advised to monitor these key levels closely, as they could provide insights into potential buying opportunities or areas to implement risk management strategies.

*Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Investing in cryptocurrencies involves significant risk.*