XRP Stabilizes at $2.08 After Major Short Liquidations Reshape Market Structure

XRP liquidated a significant portion of high-leverage short positions, tightening its current trading structure.

The short-term range was narrow with price stuck between the support of a range at $2.05 and the resistance at $2.17.

The intraday movement was determined by clusters of liquidity, and the more activity was observed in the boundaries of the 24 hour range.

In the recent trading sessions, XRP wiped out much of its short positions with high leverage, which produced a significant change in market behavior in the near term. The trading price was at $2.08 and this was a 0.9% increase in price with the movement corresponding to visible liquidity points on the heatmap. This activity drew attention because traders reacted quickly to the unwinding phase, which reshaped the order flow. The 24-hour range also narrowed, which kept price movement confined around key technical zones. This development set the stage for a closer view of how support and resistance shaped the next steps.

Price Holds Near Support After Short Liquidations

The market showed stronger attention to the $2.05 support level, which remained active throughout the session. This zone attracted bids as short liquidations unfolded, and the concentration of liquidity suggested firm participation. However, the structure stayed tight, and traders monitored each reaction closely

The price floor helped stabilize the chart, which created a point of reference for subsequent price tests. This stability allowed the market to gauge how participants would interact with immediate liquidity clusters. The heatmap reflected this activity with clearer buying interest near the lower boundary.

Resistance Levels Limit Upside Attempts

Momentum slowed as the price approached the $2.17 resistance level. This barrier held firm and prevented sustained upward movement, which kept the chart within a controlled band. The limit zone aligned with a visible concentration of selling interest, and this zone remained active across several attempts. Each encounter produced brief upward moves that faded quickly, which allowed sellers to maintain pressure. These repeated interactions helped define the upper boundary of the current trading channel. The market then returned to mid-range levels as traders reassessed short-term positioning.

Market Structure Suggests a Tight Trading Range

The latest movement pointed to compression between $2.05 and $2.17, which shaped the broader structure. Liquidity bands on the chart indicated increased activity near both extremes, which created a narrow path for immediate price swings

This setup kept the market focused on intraday reactions rather than broad directional moves. Traders watched these levels closely because the structure encouraged shorter intervals of volatility. The evolving pattern, however, continued to reflect the influence of recent short liquidations on current behavior.

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