XRP recovery stalls as long liquidations threaten below $2

Beincrypto reports XRP’s recovery was rejected again as the token struggles to sustain upside momentum amid deteriorating broader crypto market conditions.

Liquidation data show a dense cluster of long liquidations near $2.02, representing about $25.4 million in leveraged positions, according to the liquidation heatmap (Coinglass). That zone could amplify selling pressure and attract short sellers if the price moves into it, while exchange position change data (Glassnode) shows net outflows from exchanges—an accumulation trend that has offered short-term support around $2.03 and marks a shift from the previous three months of selling pressure.

XRP was trading near $2.06 at the time of writing and remains above the critical $2.03 support level; a successful bounce could push it above $2.10 and break the downtrend. However, a decisive break below $2.03 would likely trigger roughly $25 million in long liquidations and could send XRP down to $1.93, while broader market weakness could override any accumulation-driven recovery.

Key Topics

Crypto, Xrp, Coinglass, Glassnode, Long Liquidations, Exchange Outflows