XRP price can see 'quick' run to new all-time highs if price breaks $3
2025-07-15 14:43:42
Main Idea
XRP price needs to break the $3 resistance level to potentially reach new all-time highs, with analysts highlighting key liquidity and Fibonacci retracement levels as critical for this movement.
Key Points
1. XRP price dropped 7.6% to $2.80 after hitting a five-month high above $3, with $3 being a crucial resistance level for further gains.
2. Historically, rejection from $3 has led to significant price declines, such as a 46% drop in March.
3. Breaking $3 could lead to new all-time highs, with the next target at $3.40, according to analyst CasiTrades.
4. The Binance liquidation heatmap shows key liquidity zones at $3.04-$3.14, which could trigger a squeeze if $3.04 is broken.
5. Open interest in XRP futures has risen 121% since June 23, reaching $8.11 billion, indicating increased leveraged positions.
Description
XRP price retreats from multimonth highs as overhead resistance from the $3 psychological level remains the most important barrier for the bulls.
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