Ripple’s Ripple: Will Liquidations Lead to a Ripple Effect or Just a Flop?

by

Oh, darling, what a sordid little ballet this crypto carnival has become! 💃✨

Ripple, the charmingly unpredictable [XRP], has taken a nosedive of 4.62% within a mere 24 hours, trailing behind Bitcoin’s own dramatic plunge below the $94.5k mark. This unfortunate tumble caused a staggering $40.74 million in liquidations, with a hefty $39.50 million of that being long liquidations-quite the bloodbath, isn’t it? 💸🩸

According to the latest reports from AMBCrypto, the dear support zone lies somewhere between $1.96 and $2.00. That’s the area Bitcoin’s fans call ‘support’, though it’s more like a paper umbrella in a hurricane. 🤡🌂

This zone, dear reader, has been a key battleground for the bullish brigade, thanks to the almighty Cost Basis Distribution Heatmap-and it’s been a busy two months, indeed. Now XRP has retested this hallowed ground, jeopardizing a potential bounce. So tell me-shall we expect a phoenix rising or just another Tuesday? 🦅📉

XRP Price Prediction – The Chart That Gives a Warning, Darling

XRP Weekly Chart

On the grand old weekly chart, XRP shows a bullish swing structure-how delightful!-but inside that, a bearish grumble persists. The Fibonacci retracement levels whisper of danger, as XRP sits below 78.6%, and the OBV (that’s Obvious Bad Vibes) has been trending downward since September. Meanwhile, the MACD remains below zero-who’s winning? Certainly not the bulls! 🐻📉

Yet, amid this gloom, XRP still claims a coveted demand zone, fiercely defended since December 2024. An oasis for buyers, with low risks and high hopes-think of it as shopping for a diamond in a coal mine. The recent liquidations might just be a liquidity sweep-like swatting flies-setting the stage for a local bottom. How poetic! 🕊️💎

Trader’s Battle Cry – Take the Dip, and Dive Right In!

XRP 4-hour Chart

Breaking past the $2.28 line (that’s the cyan one, darling) flipped the script on the 4-hour and daily charts into a bullish narrative. The Fibonacci supports at $2.01 and $1.90 look promising-like a comfy sofa in a hurricane. XRP has been fiercely defending the so-called ‘year-long demand zone’, so why not take a chance, right? 🛋️⚡

Buyers, mark your calendars: consider entering the market between $1.90 and $2.01. Any drop below $1.81 whispers trouble, and a close below $1.77 would be quite the scandal-let’s not be dramatic, but one must remain cautious! Target profits are set at $2.30-$2.40 and $2.55-$2.60-set your alarms! As for Bitcoin-keep an eye on $101k and $107.5k, because the crypto circus revolves around its moods and swings. 🎪💰

And just when you thought it couldn’t get spicier-Ripple has pranced into the EU’s good graces with licensing approval from Luxembourg’s financial regulators. Cheers to scaling new heights-literally, hopefully, with less drama! 🥂🌍

Final Curtain Call

  • The short-term volatility might keep XRP below $2 for the next 24 hours-stay tuned, and don’t forget your popcorn.
  • For the brave bulls, the $1.81 and $1.77 levels offer cues-if they fall, all bets are off, my dear.

Read More

2026-01-19 16:11