Crypto: XRP Plunged Into A Whirlwind Of Liquidations

Crypto, the realm of extreme alternations, is currently particularly polar for Ripple’s XRP. Temperatures are dropping, and with them, the hopes of many investors. According to the latest analyses, nearly 36 million dollars in XRP could disappear in the meanders of liquidations. However, the landscape is not entirely bleak: some signals offer a glimpse of light at the end of the tunnel.

The critical levels threatening XRP

The XRP price moves on a tightrope, fluctuating between the critical liquidation levels identified by Coinglass. If the price falls below $2.231, $35.97 million in long positions could be liquidated.

Conversely, a rise to $2.36 would put $67.63 million at risk, indicating an over-leveraged and fragile market.

It appears that current leverage levels resemble a house of cards: a mere breeze could topple everything. This observation illustrates a predominantly bearish sentiment.

Some striking figures on the current situation:

• 31% decrease in XRP trading volume in 24 hours;
• A drop of 1.35% over the same period;
• A potential correction of 5% could push XRP to $2.12.

If this bearish pressure continues, XRP could face massive liquidations. However, a trend reversal remains conceivable, with spectacular recovery potential.

Projections on Ripple’s crypto: hope or illusion?

Technical analyses, combined with historical scenarios, paint a mixed picture. EgragCrypto has proposed three ambitious projections:

• An XRP at $12 in case of a 1,264% rise;
• An optimistic target of $29 with an increase of 3,600%;
• A conservative scenario at $5 with a 500% rise.

#XRP / #BTC Atlantic & Pacific Line:
Analyzing Three Historical Scenarios and @egragcrypto’s Projection

To provide a deeper understanding of the methodology behind this analysis, I encourage you to review my previous post from May 27th, 2024, which offers additional context and… https://t.co/mwWMqJVhHl pic.twitter.com/8XbIoDK7oa

— EGRAG CRYPTO (@egragcrypto) January 10, 2025

These forecasts, while exciting, should be taken with caution.

” It’s not a question of faith, but of timing and analysis “, EgragCrypto reminds us in a notable tweet.

For now, XRP displays a bearish technical formation, a “head and shoulders” pattern, which threatens to plunge prices. If the key support level of $2.24 yields, the altcoin could experience a dizzying drop. However, a reversal remains possible, offering a window of opportunity for savvy traders.

In summary, last weekend, XRP electrified the crypto community, leading many to believe in a convergence with Ethereum. Was it a fleeting illusion or a prelude to a sustainable rise? Only volatility holds the answer.