XRP Hits Liquidity Test at $0.98B Liquidation Wall Looms

XRP is facing a significant liquidity test in its ongoing bull run. According to data from CoinGlass, there is a $2.7 billion leverage liquidation wall around $0.98, $1.00 on the XRP/USDT three-month heatmap.

This indicates that if prices were to drop below this range, it could trigger a large number of leveraged positions being closed, amplifying price volatility in the crypto markets.

Interestingly, buying pressure remains concentrated around $1.80 and $2.00, suggesting that despite the potential for short-term downside risk from leveraged liquidations, there is still support for XRP at higher prices.