XRP consolidated near $2.75 with bearish pressure looming. Onchain data and liquidity compression suggest a possible dip before a price rebound.

Key takeaways:

  • XRP hovered near the $2.75 support, risking an 8%–10% drop to $2.50.

  • Onchain URPD data indicated a strong buyer cluster around $2.45–$2.55.

  • Liquidity compression and ETF catalysts hint at a potential expansion phase.

XRP price action is teetering at a critical level, with the altcoin consolidating at the base of a descending triangle, a typically bearish setup. The altcoin hovered around the $2.75 support, but sustained selling pressure could drag prices lower toward the $2.65 to $2.45 range.

Such a move would mark another 8% to 10% decline, aligning with a daily fair value (FVG) gap that overlaps with the 0.50–0.618 Fibonacci retracement levels. This zone could serve as a magnet for liquidity while providing a potential launchpad for bullish recovery.

Onchain data added weight to this technical outlook. Glassnode’s Unrealized Price Distribution (URPD) for $XRP revealed a dense cluster of buyers between $2.45 and $2.55, suggesting a strong cost basis for many holders in that range. This implied that if price revisits this pocket, buyers could defend the level aggressively, creating the conditions for a rebound.

XRP’s behavior remained consistent with its fractal pattern from Q1. The altcoin has already tested the $2.65 mark twice, yet the historical structure suggested that a sweep below this level into the liquid-heavy FVG remained possible before a sustainable rally.

Another notable similarity between the current setup and the earlier fractal is the pattern weakness leading into the weekend, followed by an FVG sweep at the start of a new week. If that scenario played out, XRP could retest the $2.50 zone as early as Monday.

However, while the resemblance is striking, historical fractals do not guarantee an exact repeat of the price behavior, and the market may still diverge from its prior structure.

While a decisive break above $2.90 could invalidate the bearish setup early, current market weakness tilts toward one final dip into the $2.50 area.