The trading price of XRP is at the level of 2.16, and the key level of support is at 2.11; falling below this level might include long liquidations and the continuation of decline.
Liquidation heatmaps indicated a cluster in leveraged pressures in the vicinity of $2.00-2.11, which indicated a weak level of support.
The resistance zone is still intact at $2.18, and liquidation statistics indicate bearish indecisiveness and insufficient momentum.
XRP is exhibiting signs of price flatness after losing 0.4% over the last 24 hours, with its current price at $2.16. Traders closely follow the digital currency as it narrowly remains above a short-term support level of around $2.11.
Although minor, this retracement has contributed to the general sense of uncertainty among traders. Recent liquidation heatmap figures and long-short ratios reported by Coinglass show mounting pressure on leveraged longs, raising the likelihood of near-term volatility.
Liquidation Patterns Hint at Critical Zones
The liquidation heatmap for Binance’s XRP/USDT perpetual contract highlights increased activity between the $2.00 and $2.11 range. Such emphasized areas imply that there is a notable use of leverage present at this stage, in opening large positions, which renders it an important support point. Should the selling pressure strengthen and the price action decline below the $2.11 level, this may prompt a wave of long liquidations, which may drive the price progressively lower.
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Conversely, selling has been used to cut short-term advances on the other side of $2.18 where resistance has persisted. It seems that traders are anticipating a meaningful break beyond this tight $0.07 range to either breakout or break down.
Historical Liquidation Data Reveals Trend Weakness
Data from Coinglass show long-liquidation spikes over the past few months which suggest that traders have been overly bullish during brief rallies. The most recent liquidation chart shows that while long positions dominate, there is a steady rise in short liquidations as well—reflecting indecision on direction in the market. Liquidation highs are accompanied by minor price appreciation, triggering rapid corrections, which is an illustration of the weak sentiment of the XRP market.
Decoupling of price stability from the volume of liquidation suggests that price levels themselves may not actually reflect risk exposure underlying. If this trend keeps up, volatility is in store for the future, especially around high-leverage regions.
Outlook Remains Cautious
With XRP’s price stuck between $2.11 and $2.18, and no major macro or on-chain catalyst in play, a near-term breakout is uncertain. Traders may look to volume spikes or changes in the liquidation landscape for clues about the next major move. Until then, the outlook remains neutral with a downside risk if support levels do not hold.
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