Is XRP About to Explode? Here’s Why the Quiet Might Be the Calm Before the Storm!

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Ah, XRP! A token that has decided to take a week off from all the drama, with a quiet, uneventful sideways trading pattern. It has lingered at the $3.34 resistance point, almost as if it’s contemplating whether to break free, while finding a little solace at $3.11, its support level.

But hold on to your seats, dear reader, because new on-chain data suggests that XRP might just be plotting something big. It’s as if it’s waiting for the perfect moment to leap out of the shadows. Let’s dive in, shall we?

Selling Pressure Takes a Nap on XRP

According to Glassnode, a surprising trend is emerging. The percentage of XRP’s circulating supply sitting idly on centralized exchanges has dropped. It’s now at a neat little 5.66%, a monthly low that has plummeted by 3% since August 9. Oh, how the tables are turning!

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When less of an asset’s supply is available on exchanges, it’s like fewer slices of cake at a party – and who doesn’t want cake? This means there are fewer tokens up for grabs right now, which implies that investors are moving their XRP to long-term storage. It’s like saying, “I’m holding on to this because I think it’s going somewhere good.”

For XRP, this means that selling pressure is easing. This could be huge because if there’s less selling going on, the stage is set for a breakout. Yep, the stage is set, and the curtains are about to open. 🍿

Further proof? XRP’s liquidity heatmap reveals a delicious capital concentration just above its current price at $3.4. A price magnet, perhaps?

Liquidation heatmaps are like treasure maps for traders. They identify where clusters of leveraged positions might get liquidated, and when that happens, short-term bullish momentum tends to follow as traders race to exploit these zones. It’s like a race, but with more zeros in the prize money. 💰

Could this be the spark XRP needs to rise above $3.4 and trigger some liquidations? We think so. But wait, there’s more!

XRP Sets Its Sights on $3.66 As the Market Faces the Pressure Cooker

Today’s market decline has pushed XRP near its trusty support at $3.11, like a comfy old chair. If the bullish sentiment strengthens, we could see an uptrend towards $3.34. But if it smashes through that barrier, well, hello $3.66! The door to extended gains is wide open, and XRP might just take a stroll through it.

Of course, nothing is ever that simple. If XRP fails to hold its consolidation floor and falls below its current channel, prepare for the bear market’s ugly head to poke out. In that case, XRP could plummet below the psychologically significant $3 mark. It could even dive to $2.98, before it catches itself and decides to make a dramatic return. 💀

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2025-08-15 15:49