Cryptocurrency

Why selling at $2 is important for XRP prices to continue gathering

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this XRP price is currently falling Enter the crucial $2 liquidation zone with a short pressure rise. Long-term positions are liquidated and piled up for a short time, and subsequent surges of open interest suggest an imminent Short extrusion. The $2 cleaning scan leads analysts to think that this could be a trigger for XRP that needs to ignite a new price rally.

XRP Price Eyes $2 Sweep Next Rally

CryptoInsightuk conducts new technical analysis on X (formerly Twitter) reveal XRP has recently dropped it to the key liquidity zone of $2. This move has aroused people’s concern Possible bullish reversal This could lay the foundation for major price gatherings.

According to the analyst’s 1-hour XRP chart, Altcoin’s entry into this liquidity area is not random – it is perfectly consistent with A Dense liquidity clusters As shown in the heat map data, it is close to the $2 level. The area acts as a magnet for price action, with a large number of buying and selling orders concentrated, indicating that market participants have targeted the area for a while.

As XRP enters this critical liquidity areaCryptoInsightuk revealed that a large number of long positions have been liquidated. The spike is mainly shown on the clearing indicators at the bottom of the chart, confirming that many traders are caught in long positions that are too aggressive and forced to exit the market as prices fall. This leads to serious Sales pressureallowing XRP to reach the target liquidity range faster.

At the same time, XRP’s Open Interest (OI) Metrics Start to rise. Open interest keeps moving upward, rather than indicating that traders exit the market, it means that despite sluggishness, the open interest moves upward.

XRP is currently trading at $2.18. Chart: TradingView

Usually, one Increase OI During immersion in high liquidity areas, it is considered a warning sign for short sellers. If the price is reversed from here, these short positions may be forced to close quickly, causing a brief squeeze. Such actions may lead to rapid Positive price gathering The pressure to buy is intensified as shorts are liquidated and the shorts are being purchased.

Overall, the $2 price point is not only a psychological barrier, but also a convergence of liquidation events, an increase in open interest and concentrated liquidity. Clean scans below this level can complete liquidity hunting, shake hands with the weak hands remaining and potentially lay the foundation for bullish XRP price reversal.

XRP’s next stop: Explosively rising to $46?

Although some analysts participated A conservative position Market experts like Egrag Crypto have bold stakes on the recent price of XRP forecast By September 29, 2025, a record high of $46. Analysts predict that XRP’s bullish run may begin in July, with three expected Ambitious short-term goals Before the end of the year.

Once the bearish barrier is broken, XRP is expected to gather at its initial target of $12, marking a 500% increase in its $2.18 price when it was analyzed. Egrag Crypto has since predicted that the average target of XRP is $24 and then could explode to the peak of $46, which is up to 2,500% from current levels.

Featured images from Unsplash, charts for TradingView

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