Peter Smith
After days of heavy selling, XRP appears to have hit a reset button. The Binance XRP/USDT chart shows intense trading activity concentrated around $2.15, where buyers finally stepped in to absorb the selling pressure. This kind of liquidity sweep often shakes out weak hands and sets up the market for whatever comes next.
What the Chart Is Telling Us
According to analyst Cryptoinsightuk, "hourly liquidity has been taken"—meaning short-term positions got flushed out and the order book essentially cleared itself.
The one-hour chart paints a pretty clear picture of what just happened:
- Liquidity got swept near $2.15 — A sharp downward wick punched into this zone, triggering massive sell-side liquidations before bouncing back
- Massive volume clustered here — Over 100 million XRP changed hands around $2.15–$2.20, marking the densest trading zone in weeks
- Point of Control sits at $2.16 — This is where the most volume occurred, and it often acts as a pivot point for the next move
- Buyers showed up at the bottom — The volume spike at the low suggests professional traders were accumulating after the forced liquidations
If XRP can hold above $2.15, there's a decent shot at bouncing back toward $2.30. But if it loses this level, a retest of $2.00 is definitely on the table.
XRP isn't trading in a vacuum. Bitcoin's recent weakness has put pressure on altcoins across the board, and XRP's still dealing with lingering regulatory uncertainty from the SEC case. On top of that, traders have been rotating into hotter altcoins like Solana and Ethereum, leaving XRP more exposed to these liquidity-driven swings.
That said, the long-term structure still looks intact, with the $2.00–$2.10 range acting as a solid floor.
What Happens Next?
Clearing out the hourly liquidity "resets the board." Markets often stabilize after big liquidation events like this while bigger players figure out their next move. If XRP holds above $2.15 over the next few sessions, a push toward $2.30 could be in the cards. But if it breaks lower, expect a trip back to $2.00.
Key levels to watch: resistance around $2.30–$2.35, support at $2.15–$2.16, and the psychological floor at $2.00.
Peter Smith
