XRP edges higher after a rebound as long positions suffer from liquidations, leaving traders split between hopes of recovery and correction.
XRP is trading around $2.20 at press time, up about 1.2% over the last 24 hours. The price has fluctuated between $2.17 and $2.24 today, showing active intraday trading after a strong rebound earlier this week. With a market cap above $132 billion and almost $3 billion in 24-hour volume, XRP remains one of the most liquid large-cap cryptocurrencies.
The token has climbed roughly 16.7% over the past seven days but is still lower on the 30-day horizon. Against this backdrop, traders and analysts are examining whether the current structure points to continued accumulation or signal the risk of a deeper corrective move.
XRP Price Prediction
On the daily XRP/USD chart, price is trying to stabilize after a persistent November downtrend. XRP is currently trading around $2.22, just above the 20-day Bollinger Band midpoint at $2.21. That means bulls have managed to reclaim the mean after briefly pushing price down to the lower band near $1.92, which now acts as key short-term support.
The upper Bollinger Band sits around $2.50, marking the next major resistance zone. With price trapped between the midline and the upper band, and the bands starting to narrow, XRP is effectively in a consolidation phase. Notably, a sustained close above $2.25 would strengthen the case for a move toward $2.50, while slipping further below the midline would put a retest of $2.00–$1.92 back on the table.
The Chande Momentum Oscillator (9) is currently near +21, having risen sharply from negative territory. This shows that short-term momentum has shifted in favor of buyers and that the recent bounce has some strength behind it.
However, the reading is not yet in overbought territory, suggesting there is still room for XRP to extend its recovery if buying pressure continues. The broader picture remains fragile until XRP can break convincingly above the $2.50 resistance zone.
XRP Liquidation Data
Meanwhile, the XRP liquidation data shows that derivatives traders have been whipsawed over the past day, with a clear bias toward long positions getting flushed out. Over the last 24 hours, roughly $4.40 million in XRP positions have been liquidated, split between about $2.89 million in longs and $1.50 million in shorts.
Zooming in, the 12-hour window accounts for $2.81 million of that, $1.59 million from longs and $1.23 million from shorts, highlighting how both sides of the market have been caught by sharp intraday swings.
Short-term data, however, hints at a shift in pressure. In the past 4 hours, around $1.66 million has been liquidated, with longs still dominating at $1.49 million, but in the most recent hour, nearly all the $168.30K in liquidations came from shorts ($160.57K vs. $7.73K in longs).
This pattern lines up with XRP’s recent bounce off support: earlier downside moves forced overleveraged longs out of the market, while the latest uptick is now squeezing late-entering shorts. Overall, the data confirms that XRP remains in a highly volatile phase where aggressive leverage on either side is being punished.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
