XRP jumped more than 5% overnight to trade around $1.49 against the US dollar, following a brief dip to $1.2369 that quickly reversed course. This movement closely tracked a larger liquidity sweep below multi-week lows, which analysts often consider a key signal for potential shifts in market structure.
Sweep and reversal at major support
Reviewing the daily chart, XRP has traded in a tight range between approximately $1.00 and $1.60 for nearly seven months. This period of sideways action followed a significant decline from its November 2025 high near $2.95 and lasted longer than many participants anticipated.
Repeated attempts to rally were met with selling pressure, creating a series of lower highs. The $1.00 level emerged as a focal point for clusters of resting sell orders and stop losses, drawing attention from market makers seeking to clear these positions before a sustained move.
The price has swept below this zone twice in recent months, clearing liquidity and removing weak hands before resuming an upward trajectory.
XRP, a digital asset developed by Ripple Labs for global payments and cross-border settlements, remains one of the largest cryptocurrencies by market capitalization.
Weekly outlook and key resistance levels
The weekly chart reveals sustained pressure following a peak at $3.66 in mid-2026. Since then, XRP has entered a prolonged distribution phase, stepping through multiple support zones and reaching new lows in 2026.
While significant buy-side liquidity remains at that $3.66 level, current market attention is focused on nearer-term price action. The outcome this week is likely to hinge on how XRP interacts with supply and demand closer to its present range.
Order block signals and intraday structure shifts
On the four-hour chart, XRP established a base just under $1.10 before breaking a pattern of lower highs. This area is identified by traders as a bullish order block—the final concentration of sales before buyers gained control.
After this breakout, XRP surged around 40% without revisiting the base level, suggesting strong upward momentum. Such swift advances are commonly followed by periods of consolidation, as seen in recent sessions.
Taking a closer look at the hourly chart, XRP swept the $1.2369 low, triggering stops, then reclaimed market structure by breaking above the previous swing high near $1.4975. A subsequent pullback toward the $1.38–$1.40 zone held above this pivotal level, propelling price back toward the highs. Traders are now monitoring entries near $1.4880, with stops below $1.44 and targets in the $1.50–$1.55 range, where the next notable supply is identified.
| Level | Status | Notes |
|---|---|---|
| $1.44 | Key support | Loss on hourly close may signal return to lower range |
| $1.50–$1.55 | Target/supply | Clustered short liquidations, potential resistance |
| $1.35 | Daily support | Daily close below signals breakdown of bullish structure |
Liquidation and on-chain accumulation trends
Data from CoinGlass indicates a concentration of short positions between $1.50 and $1.51 on XRP/USDT perpetual contracts. A breakout above this zone could trigger a wave of forced buying as shorts are covered, potentially accelerating price action beyond what standard technical analysis would suggest.
Funding rates for XRP perpetual contracts have remained neutral, avoiding overheated sentiment. While open interest grew by more than 9% in a day, both long and short positions stayed relatively balanced at a 52% to 48% ratio. This points to spot market demand as the main driver, rather than leveraged derivatives trading.
Large holder wallets accumulated about 1.54 billion XRP, roughly $2.2 billion in value, over a 96-hour period, according to on-chain data. This accumulation matches technical signals such as an inverse head-and-shoulders formation that aligns with the $1.55 target flagged by derivatives data.
A similar pattern emerged in Cardano liquidation data earlier this week, where short position clusters contributed to a market bounce instead of a decline.
CoinGlass is a platform providing real-time data and analytics on cryptocurrency derivatives, including open interest, liquidation levels, and funding rates for major tokens.
Mini dictionary: CoinGlass, a widely used analytics service, monitors futures and perpetual contract liquidations, open interest, and funding rates for cryptocurrencies, helping traders assess risk and market positioning.
Key levels to watch
A close below $1.44 on the hourly chart would likely invalidate this bullish scenario, reintroducing the return-to-order-block area and possibly inviting a retest of the $1.30 range. If XRP closes the day below $1.35, it would represent a more decisive breakdown of the uptrend established since mid-September.
These observations serve as technical insights and do not constitute investment advice. XRP’s direction remains sensitive to broader market movements, and rapid shifts can occur.
