
XRP Liquidity Walls Have Been Completely Wiped Out. Here’s What It Means
A major development in the XRP market has sparked speculation and excitement among traders and investors alike, as STEPH IS CRYPTO reports that all major liquidity walls on the XRP chart have been completely wiped out.
This dramatic shift in market structure is fueling expectations of a powerful upward move, with minimal resistance left to slow the token’s momentum. For those unfamiliar with the concept of liquidity walls, it is essential to understand their significance.
Liquidity walls are areas on a trading chart where large buy or sell orders are concentrated. These zones often act as barriers that either support the price or prevent it from rising further. In XRP’s case, strong sell-side liquidity walls had previously formed around key resistance levels, particularly near $2.59, which proved difficult to break during the late 2024 rally.
According to STEPH IS CRYPTO, these liquidity clusters have now been entirely removed. This indication suggests that large players, likely institutional buyers or whales, have absorbed the available supply. With those sell orders out of the way, XRP now faces little resistance on its upward path, paving the way for rapid price acceleration in the near term.
Currently trading around $2.73, up 4.2% in the past 24 hours, XRP has successfully broken above the previously stubborn $2.60 resistance level, confirming the strength of the current uptrend. This breakthrough is accompanied by a significant decrease in selling pressure, allowing the token to continue its bullish trajectory.
With no substantial liquidity walls ahead, analysts are looking at $3.40 as the next short-term target. A breach above this level could initiate an even higher price trajectory, potentially testing $5.00 in a bullish scenario.
The technical analysis paints a similar picture. The Bollinger Bands on the daily chart are widening, often a sign of increased volatility, while the RSI (Relative Strength Index) remains in bullish territory without indicating overbought conditions. Furthermore, the MACD (Moving Average Convergence Divergence) remains firmly aligned with the market’s positive sentiment, reinforcing the case for continued upside.
In light of this development, the broader crypto market is experiencing a renewed sense of optimism. This sentiment is fueled by growing institutional interest in XRP and its rapidly expanding use cases. A major catalyst is the impending launch of ProShares XRP ETF on July 18, which has already generated significant excitement across the market.
A large number of XRP holders have joined the GoldenMining platform and achieved substantial wealth through XRP currency.
The absence of any significant liquidity walls ahead has many believing that this upward trajectory may be only just beginning.
Source: timestabloid.com