$XRP Preparing for a Breakout? Seller Absorption Signals Major Move Ahead! 🚀🚀🚀
Bulls are starting to accelerate! According to fresh data from CryptoQuant, XRP is showing signs of strong seller absorption on Binance — a classic precursor to a bullish breakout. This means that large players are entering the game by absorbing selling pressure with strong buying liquidity. The result? Potential supply compression that could drive XRP to new local highs.
On the hourly chart, XRP is forming a solid base in the demand zone of $2.51–$2.53, bouncing off clean deviations from the level and holding structural support. If momentum continues, the next breakout could target $2.68 and above, marking a new phase in XRP's rally.
Why this matters:
The Binance order book often acts as a crystal ball for price action — and right now it’s glowing green. When demand from buyers exceeds supply from sellers, especially in tight consolidation zones, it often precedes explosive upward movements.
Key resistance: $2.68
Key support: $2.48
Sentiment: Bullish
Traders are closely watching