XRP May Need to Fall Further Before Finding Support

Cryptoinsightuk has published an in-depth analysis of XRP's liquidity structure across different timeframes, suggesting that the asset may need to move lower before establishing a local bottom.

The analyst identified concentrated liquidity below the $1 level and noted that hourly liquidity is building below XRP around this price, while denser liquidity remains positioned lower on the daily timeframe.

Cryptoinsightuk emphasized that these liquidity pools do not determine XRP's long-term direction but can influence its route to its eventual destination. The analyst also warned that another 10-15% decline could occur in the process of finding a bottom.