- Over 564 billion in liquidation leverage remains untouched near $2.00, signaling potential for future volatility.
- XRP is trading within a narrow band between $2.24 and $2.31, reflecting indecision and limited momentum.
- Recent data shows decreased liquidations, indicating reduced leverage usage and cautious positioning by traders.
Ripple’s native token, XRP, is experiencing a phase of limited movement, with the price currently hovering around $2.30 — a marginal 0.2% decline over the last 24 hours. While the short-term market shows signs of indecision, deeper market data, including liquidation heatmaps and total liquidation trends, indicate a more complex dynamic that may shape XRP’s path forward.
Significant Liquidation Leverage Untrigged at $2.00
According to data from Binance’s liquidation heatmap, a substantial wall of untriggered liquidation leverage remains concentrated near the $2.00 mark. The heatmap highlights an area with over 564 billion in liquidation leverage, signaling a potential flashpoint should price action retest that zone. This dense band of liquidity reflects positions that could be wiped out if XRP dips significantly, yet the market has thus far avoided that level, maintaining distance from a potential cascade of long liquidations.
This buildup may also act as a magnet for future price action, with volatility expected if bearish pressure increases. The $2.24 level remains the closest immediate support, a price zone that has offered temporary stability since mid-May.
Volatility and Liquidation Activity Paint a Cautious Picture
On the liquidation chart, the data indicates that long positions have seen stronger liquidations in recent weeks, particularly during price declines in March and April. However, the recent reduction in both long and short liquidations implies that leveraged traders are currently playing more cautiously.
Source: Coinglass
The XRP price has remained within a narrow trading band between $2.24 and $2.31, with no breakout attempts sustained above the latter. Despite some short-term volatility, there has been no trend or volume change of any consequence, keeping traders in wait-and-see mode.
XRP currently trades at 0.00002122 BTC, decreasing by a small 0.1%. Traders are watching closely to see if resistance at $2.31 is broken, or if price action snaps back to try the heavy liquidation zone around $2.00 — a price that would introduce new volatility into the market.
