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XRP trades at $1.39 after an 8.2% daily gain, recovering following heavy long liquidations.
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A major liquidation spike near 1,696,875 marked the largest leverage flush on February 28.
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Immediate levels remain $1.27 support and $1.43 resistance, defining today’s price range.
XRP returned to its prior trading zone after a sharp liquidation event cleared high-leverage long positions. The token currently stands at $1.39 which is an 8.2 percent increase in 24 hours. In comparison to Bitcoin, XRP is 0.00002076 BTC, which increased by 3.2 per cent within the same time. Price action follows intense volatility captured on the liquidation chart, where forced long closures dominated activity. As a result, the market reset positioning before stabilizing near current levels.
Liquidation Spike Reshapes Short-Term Structure
The chart highlights a major liquidation cluster on ,Notably, long liquidations surged sharply, forming the tallest red bar on the chart. The value approached 1,696,875, marking the session’s most aggressive flush. In contrast, short liquidations remained comparatively limited during that spike. This imbalance shows that overleveraged buyers absorbed the primary losses.
Source: Coinglass
However, liquidation pressure eased immediately afterward. Smaller red and green bars followed, indicating reduced forced activity. Consequently, price volatility narrowed as extreme leverage left the market. The chart then shows intermittent short liquidations, yet none matched the earlier long wipeout. Therefore, the market shifted from panic unwinding to controlled trading.
Key Support and Resistance Levels in Focus
Following the liquidation sweep, XRP reclaimed its previous range. The current support level stands at $1.27. Meanwhile, resistance holds at $1.43. The 24-hour range reflects price movement between these boundaries. Importantly, the token trades closer to resistance than support.
This positioning places immediate focus on the $1.43 ceiling. If buyers push above this mark, price may extend toward $1.45 intraday. Conversely, failure to hold above $1.35 could expose $1.27 again. These levels align directly with the recent volatility reset.
Short-Term Scenarios for Today’s Session
Given the 8.2% daily gain, bullish continuation depends on sustained demand above $1.39. An upside move above $1.43 would open it to more momentum trades. In that case, the price may reach the mid-1.40s and then stall.
Nevertheless, bearish pressure may start to appear, when the volume falls at the resistance. In that case, sellers may drive the price back toward $1.30. A deeper pullback would target the $1.27 support zone. The chart’s reduced liquidation activity suggests leverage currently remains moderate.
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