XRP Surges as Network Liquidity Reaches $173 Billion

XRP Momentum and Market Dynamics:

  • XRP has risen to $2.41, a significant recovery from earlier selling pressure.
  • Investors are optimistic about XRP potentially challenging its all-time high this year.
  • The CryptoQuant report highlights synchronized market strength with Bitcoin reaching $93,000.
  • Price rise supported by increased activity and growth on the XRP Ledger.

XRPL Liquidity and Structural Changes:

  • Liquidity on the XRPL decentralized exchange has surged to approximately $173 billion.
  • Increased liquidity suggests large players are positioning for potential market shifts.
  • Since mid-December, more frequent and larger liquidity spikes have occurred.
  • Transaction activity on the XRPL DEX has increased, indicating active market use.

XRP Ledger DEX Liquidity USD | Source: CryptoQuant

Resistance and Market Outlook:

  • XRP prices have risen from December lows near $1.85–$1.90 to around $2.35.
  • Reclaiming the short-term moving average indicates improving momentum.
  • XRP faces resistance between $2.45 and $2.65, near the 100-day and 200-day moving averages.
  • A period of consolidation above $2.20 is essential for sustaining the upward move.
  • Holding above $2.30–$2.35 could lead to a broader recovery toward $2.70; otherwise, range-bound movement may continue.

XRP testing resistance below $2.4 | Source: XRPUSDT Chart on TradingView