Bird Sees 70% Chance for XRP Rally as Liquidity Zones Loom

Crypto developer Bird has created a bullish short-term scenario for XRP. He points out that current liquidity levels favor a move higher rather than a deeper decline.

Bird notes that there's a substantial concentration of liquidity above XRP's current price, particularly between $1.60 and $1.85. Another major liquidity pocket is located around the $2 level.

The analyst believes these concentrations could influence XRP's next significant price movement as traders interact with areas where substantial liquidity is available.

Bird assigns a 70% probability to an upside scenario, which would see XRP move through $1.50 and target $1.60 before potentially reaching the $1.70-$1.85 range.