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XRP Liquidity Walls Have Been Completely Wiped Out. Here’s What It Means
In a shocking turn of events, market analyst STEPH IS CRYPTO has reported that all major liquidity walls on the XRP chart have been completely eliminated. This sudden shift in market structure is sparking intense speculation that the digital asset may be on the cusp of a powerful upward surge, with little resistance left to impede its momentum.
To understand the significance of this development, it’s essential to grasp the concept of liquidity walls. These areas on a trading chart represent large buy or sell orders concentrated in specific zones. Historically, these clusters have acted as barriers that either support the price or prevent it from rising further. In XRP’s case, robust sell-side liquidity walls had previously formed around key resistance levels, particularly near $2.59, a level that proved difficult to breach during the late 2024 rally.
According to STEPH IS CRYPTO, these liquidity clusters have now been entirely removed. This implies that significant supply has been absorbed by large players, likely institutional buyers or whales. With these sell orders no longer in place, XRP is now poised to encounter little resistance on its upward trajectory. This could pave the way for rapid price acceleration in the near term.
As a result of this development, XRP is currently trading around $2.73, up 4.2% over the past 24 hours. The token has successfully breached the previously recalcitrant $2.60 resistance level, underscoring the strength of the current uptrend. With no substantial liquidity clusters ahead, analysts are eyeing $3.40 as the next short-term target. A break above this level could open the door to even higher price points, potentially testing $5.00 in a bullish scenario.
From a technical standpoint, XRP is exhibiting strong momentum. The Bollinger Bands on the daily chart are widening, typically an indication of increased volatility, while the RSI (Relative Strength Index) remains in bullish territory without yet signaling overbought conditions. Meanwhile, the MACD (Moving Average Convergence Divergence) remains firmly aligned with positive implications, reinforcing the case for continued upside.
Amidst this backdrop of broadening institutional interest and a weakening liquidity landscape, it appears XRP is poised to make a significant breakthrough. The ProShares XRP ETF, set to launch on July 18, is already generating excitement across the market. Institutional investors are likely accumulating XRP in anticipation of this event, further tightening supply and supporting the recent price surge.
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Source: timestabloid.com
