XRP faces pressure amid Bitcoin liquidity crunch – Will $3 be within reach?
The post XRP faces pressure amid Bitcoin liquidity crunch – Will $3 be within reach? appeared on BitcoinEthereumNews.com. XRP bulls on the ropes as squeeze metrics flash red. Ripple to $3? Only if Bitcoin smashes the supply wall. Ripple [XRP] just slid 4% as Bitcoin traders hit the brakes around the $105k resistance mark. At press time, XRP was hanging around $2.42, battling to break past $2.72 resistance while leaning on support near its 50-day EMA at $2.27. If it can hold that line, a push toward $3.00 could be on the cards. But with Bitcoin [BTC] playing cautious, the whole market’s feeling the pressure. However, if BTC breaks above $105k, can we expect altcoins like XRP to bounce back hard? Bitcoin squeeze tightens, leaving Ripple in limbo High-cap altcoins are stuck in chop city, trading well below their weekly highs as Bitcoin’s liquidity crunch keeps the market on edge. Roughly $29 million in longs got wiped in the past 24 hours alone — classic leverage puke. Zoom into the 4-hour chart, and the story’s the same: Bull-side exposure is getting steamrolled. Bitcoin’s rally is stalling near the critical $105,000 resistance. Momentum is fading, technicals are running hot, and holders are locking in profits — all classic signs of an overheated setup. Source: TradingView (BTC/USDT) Shorts are clearly stepping in to fade the euphoria. XRP isn’t escaping the heat either. Short-sellers are in the driver’s seat, dominating order flow and ambushing bullish entries. Long liquidations have surged to $16.2 million, accounting for nearly 80% of total XRP wipeouts. Unless Bitcoin flips $105k with conviction, expect liquidity squeezes to persist — and that makes XRP’s path beyond $2.60 a tough climb in the short term. BTC holds the key to XRP’s $3 play? Recently, XRP briefly flipped Tether [USDT] in market cap, claiming the third spot among crypto heavyweights. While short-lived, it delivered a strong psychological jolt to XRP bulls.…
The post XRP faces pressure amid Bitcoin liquidity crunch – Will $3 be within reach? appeared on BitcoinEthereumNews.com.
XRP bulls on the ropes as squeeze metrics flash red. Ripple to $3? Only if Bitcoin smashes the supply wall. Ripple [XRP] just slid 4% as Bitcoin traders hit the brakes around the $105k resistance mark. At press time, XRP was hanging around $2.42, battling to break past $2.72 resistance while leaning on support near its 50-day EMA at $2.27. If it can hold that line, a push toward $3.00 could be on the cards. But with Bitcoin [BTC] playing cautious, the whole market’s feeling the pressure. However, if BTC breaks above $105k, can we expect altcoins like XRP to bounce back hard? Bitcoin squeeze tightens, leaving Ripple in limbo High-cap altcoins are stuck in chop city, trading well below their weekly highs as Bitcoin’s liquidity crunch keeps the market on edge. Roughly $29 million in longs got wiped in the past 24 hours alone — classic leverage puke. Zoom into the 4-hour chart, and the story’s the same: Bull-side exposure is getting steamrolled. Bitcoin’s rally is stalling near the critical $105,000 resistance. Momentum is fading, technicals are running hot, and holders are locking in profits — all classic signs of an overheated setup. Source: TradingView (BTC/USDT) Shorts are clearly stepping in to fade the euphoria. XRP isn’t escaping the heat either. Short-sellers are in the driver’s seat, dominating order flow and ambushing bullish entries. Long liquidations have surged to $16.2 million, accounting for nearly 80% of total XRP wipeouts. Unless Bitcoin flips $105k with conviction, expect liquidity squeezes to persist — and that makes XRP’s path beyond $2.60 a tough climb in the short term. BTC holds the key to XRP’s $3 play? Recently, XRP briefly flipped Tether [USDT] in market cap, claiming the third spot among crypto heavyweights. While short-lived, it delivered a strong psychological jolt to XRP bulls.…
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