XRP price provides key support as the $3 liquidity zone gains attention

• XRP is nearing the key support at $2.01, indicating that selling pressure is easing across the market.
• Analysts highlight growing interest around the $3 liquidity zone as a potential target for recovery.
• XRP is in an area of ​​strong demand after consolidation, indicating potential rebalancing and reduced sales momentum.

XRP is currently in a critical phase as its price shows stability in recent trading after a brief correction. Analysts are keeping a close eye on key levels, which indicate selling pressure is easing, while renewed interest is building around the support area, suggesting a balance could now be forming nearby.

At the time of writing, XRP is trading at $2.00, with a 24-hour trading volume of $1.75 billion and a market cap of $121.13 billion. The token is down 1.62% in the past 24 hours, reflecting short-term market pressure.

XRP aims to expand the liquidity zone

Despite the recent pullback, some observers believe that XRP is poised to make a big move. Noting this, a prominent analyst, STEPH IS CRYPTO, says indicates that the largest liquidity target on the three-month chart is still above $3 and continues to grow. It is suggested that XRP is trading just below a major support area.

XRP owns the main demand zone

Supporting this perspective is another analyst with the alias BitGuru marked that it appears as if XRP is going through a long period of consolidation. After retreating, the sector is currently in an area of ​​strong demand, indicating that sales momentum is losing steam. The current sideways trading is a sign that markets are finding support.

If XRP can withstand the current downside forces by staying above support and manages to get back above the indicated resistance level, then a possible recovery is expected to follow. In such a scenario, the objectives could include higher supply levels in the short to medium term, with all attention focused on what’s next for XRP.

Also read | XRP rises as ETFs rise and its price could reach a range of $2.50 to $3

XRP’s weekly momentum is slowing

The RSI is at around 39.58, still below the midline, indicating weak buy signals. The average line is around 47.58, indicating that bearish momentum is still in play. Currently, it is trading below the MA Ribbon, with key levels at SMA 20: 2.63, SMA 50: 2.52, SMA 100: 1.63 and SMA 200: 1.06. This means it faces resistance from the moving averages.

Both the MACD and signal lines remain in bearish zones, with the MACD line at -0.11070 and the signal line at -0.11956. A value of -0.00886 for the MACD histogram shows that the sellers are dominant; however, sales momentum is not accelerating significantly.

Also read | Will XRP surprise investors with a strong rebound by the end of 2025?