XRP News: Can XRP Hit $2.70 As Short Liquidations Surge?
Key Insights:
- XRP appears to be forming an inverse head and shoulders pattern, signaling a potential bullish breakout towards $2.70.
- XRP hits $2.13 amid heavy short liquidations.
- XRP total whale exchanged flow.
Examining Ripple [XRP] news on price action, the altcoin showed an inverse head-and-shoulders pattern in the 4-hour time period, which could indicate a potential upward trend.
The left shoulder formed at $2.20 after which XRP dropped sharply to create the head at the $1.60 level and finally built its right shoulder near $2.00.
A classic reversal structure indicated that if XRP succeeded in breaking the neckline resistance at $2.20, it would set the stage for possible price growth toward $2.70.
A close of candles above $2.20 resistance would confirm the bullish breakout.
Failure to maintain heightened activity beyond $2.20 would likely have sparked XRP price reassessment at the $2.00 mark before it possibly descended to touch the $1.88 support level.
Price reached $2.1289, showing that XRP tested its neckline amidst growing momentum from bulls.
The symmetrical pattern kept rising rapidly after the rise of the head and shoulder structure signaled the return of buying demand.
XRP price breaking out past $2.20 could have continued upward towards $2.70 according to the head-to-neckline measurement.
The bullish outlook could have been disproven if traders maintained their opposition at $2.20.
The inverse head and shoulders pattern served as the main technical pattern throughout the analysis while the $2.20 level became the essential resistance and support point for price movements.
XRP Heavy Short Liquidations
XRP’s upward price increase to $2.13 set off short liquidations between $2.03 to $2.10, while bullish momentum gained force across the market.
While XRP increased above $2.10, a dense pattern of market liquidations engulfed short bettors who had applied leverage ratios between 10x and 50x.
Numerous investors who predicted price drops got severely damaged through their short position trades within the $2.03 to $2.10 price area.
As of press time, at $2.10, the price trend remained consistently bullish, thus allowing a possibility for more growth provided trading volume increases.
Above $2.13, both long and short cumulative liquidations remained minimal, yet short-term traders continued opening new short positions near $2.16 and $2.20.
The data implied that another wave of short positions hit from increased buying pressure could have happened if XRP reached the $2.20 mark.
XRP’s price volatility might increase due to the growing leverage, but this rising leverage indicates strengthening market confidence.
The cryptocurrency might have interacted with the $2.20 resistance line under continued bullish control.
The price movement would likely have prompted a retracement to $2.03 in case it dropped under $2.10.
XRP News on Total Whale Exchange Flow
The NVT ratio for XRP reached 838.17 after it increased by 136.83% during a period when whale activity resulted in substantial growth of total exchange flows.
In late 2024 and early 2025, the total quantity of XRP whale transfers reached its highest point when a single whale moved over 65,000 XRP.
A high volume transfer activity period was developed during December 2024 until January 2025, which established strong selling and repositioned forces.
The NVT ratio showed a steep increase that implied XRP’s market capitalization grew beyond the transaction volume rate.
The NVT ratio exceeded 838.17, which suggested XRP value exceeded its actual usage, so future usage growth became necessary for price stability.
The price might have gained support if whales cut down their exchange inflows while on-chain operations went up.
Against such circumstances, selling pressure applied by whales might have resulted in price decreases, but proper selling pressure might have facilitated price stability.
