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21 hour ago
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XRP Sees One-Sided Liquidations Amid Bullish December Expectations

XRP enters December with notable market signals and stable price action, sparking bullish forecasts from analysts.

  • Despite general market instability, XRP holds above $2.0, shaping trader sentiment.

One-Sided Liquidations Indicate Market Imbalance

  • CoinGlass reported $0 in short liquidations for XRP, with $128,000 losses in long positions, indicating a rare one-sided liquidation.
  • This suggests traders are betting on an upside, exposing long holders to risks.
  • XRP's price is affected by a 5% market cap drop, hovering near $2.04, with $2.00 as key support and $2.20 as resistance.

Technical Outlook Suggests Potential Breakout

  • XRP fell over 17% in November alongside broader market declines.
  • Positive factors include strong inflows into crypto ETFs and Ripple USD growth.
  • A bullish flag pattern on the eight-hour chart indicates a possible breakout towards $2.73.

Mixed Prediction Market Signals, Strong Community Confidence

  • Kalshi data shows a 69% probability of a positive year-end return for XRP.
  • Polymarket estimates a 99% chance of XRP reaching its ATH by 2026.
  • The community remains confident, citing steady ranges, rising ETF interest, and resilience during volatility.
  • December may be pivotal due to XRP's trading patterns and liquidation trends.