- XRP’s liquidity map shows a significant cluster above $3.6, marking the largest concentration since early August.
- The token trades at $2.22 after a 7.5% daily decline, holding above its critical $2.21 support zone.
- Resistance at $2.46 continues to cap upward moves, while liquidity buildup suggests rising market activity ahead.
XRP liquidity data from Coinglass shows a substantial cluster of liquidations positioned above the $3.6 level, suggesting concentrated activity among leveraged traders. The latest hourly readings display an accumulation of orders around that zone following an extended market decline. XRP currently trades at $2.22 after a 7.5% drop in the past 24 hours, fluctuating between $2.21 and $2.46. The market remains focused on whether this consolidation will alter near-term liquidity distribution across higher price levels.
Liquidity Cluster Around $3.6 Highlights Key Zone of Open Interest
The highlighted region near $3.6 marks the largest liquidity buildup since early August, where high-volume liquidations previously occurred. This cluster indicates that a large portion of open interest remains positioned above current prices. Such concentration reflects where traders may have placed leveraged long orders or pending stop levels.
Notably, the heatmap’s bright zones correspond to potential high-activity points where price movement could accelerate once approached. This visual representation shows market depth and reveals how traders are reacting after recent volatility. The recent selloff toward $2.22 likely cleared low-liquidity zones, leaving a more defined structure above the $3.6 range.
Current Market Pressure Around Support Levels
XRP’s short-term trend remains under pressure as the asset continues to trade slightly above its key support at $2.21. The $2.46 resistance level has limited upside attempts in the past 48 hours, keeping price action confined within a narrow range.
However, the extended correction phase following the early October decline has drawn market attention back to liquidity positioning. As of now, most leveraged interest appears concentrated above current market value, leaving downside exposure less significant compared to prior sessions. The RSI on recent charts also hovers near the oversold region, reflecting slower momentum during the latest retracement.
Market Implications and Possible Trend Adjustment
The liquidity distribution visible on the chart implies that most unrealized orders remain clustered far above spot levels. This concentration often follows sharp declines, where liquidations compress lower price zones and shift activity upward.
Therefore, monitoring the $3.6 area remains important, as large liquidity pockets tend to attract volatility once revisited. For now, XRP’s $2.21 support and $2.46 resistance define the short-term range, while broader liquidity dynamics continue to shape the overall structure.
