- $XRP price climbs after high leverage long liquidations, signaling fresh buying interest.
- Resistance lies between $3.05 and $3.12; while support zones hold between $2.85 and $2.20.
- Futures traders accumulate more, increasing the stakes for a breakout .
$XRP bounced back hard after high-leverage liquidations shook the market. Now testing $3.10 resistance, its next move depends on strong volume and trader momentum as it eyes further gains amid growing buying pressure.
Liquidations Spark Fresh Momentum
The recent price jump in $XRP comes after a wave of high leverage long positions were liquidated. This forced selling cleared the way for new buyers, lifting the price and volume. Traders are now watching as the size of positions available for liquidation grows, indicating increased market activity and speculation.
Price action between October 2 and 5 shows $XRP fluctuating mostly between $2.85 and $3.20. A strong bounce from the $2.90 support level on October 4 highlights this zone as a key battleground. The candlestick movement combined with a heatmap of liquidity reveals clusters of heavy volume around $2.9, $3.0, $3.1, and $3.2—zones that traders rely on for entry and exit decisions.
Resistance and Support: The Tug of War
$XRP is currently pushing up against a tough resistance zone between $3.05 and $3.12. This area has blocked gains multiple times, showing sellers are waiting to push back. If $XRP breaks and stays above this level, it could continue moving up.
Buyers have been quick to jump in around $2.85 to $2.90, and even in the $2.20 to $2.40 range. As a result these levels have held strong, absorbing selling pressure and acting as support zones where investors often buy the dip.
Futures Traders Step In, Raising Stakes
Futures data shows traders are ramping up their $XRP positions, adding fuel to the current momentum. With open interest and position sizes rising, the market’s conviction is growing—but it also means the next move could be volatile, either a strong breakout or a sharp pullback depending on how the price behaves around key levels.
Volume paints a clear picture too. A big spike on October 3 sparked the recent price rally, and volume has steadily climbed as the price pushed higher. This shows buyers are in the driver’s seat—for now. But watching volume closely is key to see if the momentum can stick around.
With futures trading picking up steam,$XRP’s fate hinges on the resistance near $3.10 and support around $2.85. Traders are keeping a close watch on both volume and price moves to catch signs of either a breakout or a pullback.
