The bulls are warming up! According to fresh data from CryptoQuant, XRP is showing signs of heavy seller absorption on Binance — a classic precursor to a bullish breakout. This means big players are stepping in, absorbing sell pressure with strong buy-side liquidity. The result? A potential supply squeeze that could drive XRP to new local highs.
On the 1H chart, XRP is forming a solid base at the $2.51–$2.53 demand zone, bouncing with clean rejection wicks and holding structure support. If momentum continues, the next breakout could target $2.68 and beyond, marking a fresh leg in XRP's rally.
Why It Matters:
Binance’s order book is often a crystal ball for price action — and right now, it’s flashing green. When buyer demand outpaces sellers, especially in tight consolidation zones, it often precedes explosive upside moves.
Key Resistance: $2.68
Key Support: $2.48
Sentiment: Bullish
Traders are keeping eyes locked — a breakout from here could be one of XRP’s strongest moves this quarter!
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