Coinspeaker
1 hour ago
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Evernorth reports 79% XRP order-book surge as traders concentrate

3 min

XRP trades near $1.37, up 1.5% day over day per CoinGecko, as a new liquidity report highlights rising order-book activity concentrated among fewer participants. The $1.32–$1.38 zone is shaping near-term support behavior.

Liquidity and Market Structure

Evernorth’s Q2 2026 XRP Liquidity Report: order-book volume on the XRP Ledger rose 79% year over year to an average of 3.57 million XRP daily, while the number of accounts placing trades fell 40% from 1,864 to 1,111. Average volume per trader tripled from 1,072 XRP to 3,217 XRP daily. RLUSD balances on-ledger increased 642% to $4.26 billion. Order books now account for 81% of total DEX volume, up from 54%.

Interpretation: increased concentration indicates either institutional infrastructure absorbing flow or a thinning market ahead of a larger move. This concentration is influencing order-book support at $1.32–$1.38.

Price Action and Technical Levels

Current print: $1.37 within a compressed daily range of $1.3409–$1.373. August performance: 71.8% surge from about $0.988 to $1.698, followed by a near-20% pullback into the $1.32–$1.38 support shelf, identified as a main support due to high historical volume. RSI cooled from overbought conditions per referenced technical commentary.

  • Bull case: close above $1.60 opens $1.68–$1.72, then $1.86–$2.00.
  • Base case: consolidation in $1.32–$1.38 while order-book concentration resolves.
  • Bear case: loss of $1.32 risks a move toward $1.15–$1.20, then the long-term $0.60–$0.80 zone.

Traders tracking rebound conditions and higher-low structures are seeking confirmation before increasing position size.

Context: Early-Stage Infrastructure Interest

Holders from the August run have unrealized gains. At a large market capitalization, a move from $1.36 to $2.00 equals about 47%, which is directing some traders toward earlier-stage infrastructure. LiquidChain ($LIQUID), a Layer 3 project, pitches a unified execution layer for Bitcoin, Ethereum, and Solana liquidity. Presale price: $0.014951. Amount raised: $960,022.61. Claimed advantages: Single-Step Execution and Deploy-Once Architecture to reduce liquidity fragmentation across chains.

Source mentions include Investing.com pivot data, Bittime analysis for main support identification, and Bitrue’s outlook for upside targets.