XRP Liquidity Walls Have Been Completely Wiped Out. Here’s What It Means

Key Points

1. All major liquidity walls on the XRP chart have been completely wiped out, reducing resistance and potentially accelerating price movement.

2. XRP is currently trading around $2.73, having broken above the $2.60 resistance level, with analysts eyeing $3.40 as the next short-term target.

3. The ProShares XRP ETF, set to launch on July 18, is generating institutional interest and tightening supply, supporting recent price gains.

4. Ripple’s growing presence in stablecoins and CBDCs, including the launch of RLUSD, is enhancing XRP’s utility in cross-border settlements.

5. With no significant resistance left, XRP could attract new investor interest if it sustains upward momentum beyond the $3.00 mark.