Traders are watching the rally $XRP
The XRP liquidation map shows a significant concentration of liquidity around $2.20. At the time of writing, the token is priced at $2.14, which is 2.8% below this level.
For XRP, the liquidity cluster around $2.20 indicates high trader interest in buying or closing short positions at this price. If the bullish momentum strengthens, a short-term rally can be expected.
The decline in the Network Realized Profit/Loss (NPL) indicator for XRP supports an optimistic outlook. It stands at $70.27 million on the 30-day moving average, having decreased by 11% over the last week.
Typically, such a trend reduces selling pressure, as investors are reluctant to sell assets at a loss. The decrease in NPL indicates that most holders expect a recovery rather than locking in losses.
