Alex Dudov
⬤ A fresh liquidity heatmap for Binance XRP/USDT perpetual futures shows a notable concentration of liquidations building above the $3.00 mark. XRP hasn't touched this zone yet, which means there's a substantial pool of untapped liquidity sitting overhead. The chart reveals how leveraged positions have stacked up over recent months in areas that could shape future price action depending on how the market moves.
⬤ The heatmap displays a bright yellow band just above $3.00, marking the densest cluster of liquidation activity in this timeframe. This upper region stands out against the deeper purple and teal areas below, which represent lighter liquidity zones. Over the past three months, XRP's price has bounced around between $2.00 and $2.80 in mid-range liquidity pockets, staying well below that highlighted concentration. The image also captures smaller clusters scattered above and below the current trading range, though none come close to matching the intensity of that bright zone near $3.00.
⬤ There's a sharp liquidation spike visible on the chart from early October, showing how quick price swings can trigger massive leverage unwinding. Since then, XRP has been trading in a more stable pattern with shorter volatility cycles within thinner liquidity zones. The heatmap shows how liquidation leverage has layered across multiple price levels, pointing to where both long and short positions might be exposed if XRP makes a significant move. The color scale, which goes up to $5.60 billion in liquidation value, really highlights just how significant that top cluster is.
⬤ This matters for the broader crypto market because liquidity maps often influence expectations about where price might head during volatile periods. Large pockets of untapped liquidity can become talking points in market discussions, especially when they sit above recent price action. As XRP keeps trading below that dense liquidity band above $3.00, traders will be watching closely to see if future price movement pushes toward that zone or stays locked in current ranges.
Alex Dudov
