XRP Traders Warn of Final Flush to $1.20 Before Bullish Reversal
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XRP traders and analysts warn of a short-term liquidity sweep toward $1.20 as the token struggles below key resistance at $1.30-$1.40, suggesting a potential final flush before any bullish reversal. However, rising open interest and climbing net long positions indicate the decline may not be driven by real selling pressure, highlighting short-term risk to token performance and implications for crypto liquidity and derivatives markets.
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- Per analyst Cryptoinsightuk, XRP is likely to sweep down toward $1.20 in liquidity.
- Analyst CW argued that XRP’s recent slide may not actually be from real selling pressure.
- CW said open interest and net long positions are still climbing, despite the price drops.
XRP traders are sounding the alarm that there could be one more sharp drop before any real bullish move. Several XRP analysts on X pointed to rising risks as XRP continued struggling beneath key resistance levels around the $1.30-$1.40 zone.
According to analyst Cryptoinsightuk, who said XRP has moved into what he calls deep liquidity zones on shorter timeframes. According to his analysis, in the short term, XRP is likely to sweep down toward $1.20 in liquidity before possibly bouncing back harder.
Cryptoinsightuk called out the growing downside liquidity clusters showing up on the hourly charts, warnin…
Read The Full Article XRP Traders Warn of Final Flush to $1.20 Before Bullish Reversal On Coin Edition.
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