What to know:
- XRP liquidations totaled only $1.9 million despite a 3% decline.
- Binance and Upbit longs accounted for 92% of liquidations reported.
- XRP holds above $1.08 support as traders await direction.
Crypto analyst Diana has highlighted an unusual trend in XRP’s derivatives market as liquidation activity remained remarkably low during a 3% price decline. In a recent update, she revealed that total XRP liquidations reached only $1.9 million, with Binance and Upbit longs accounting for 92% of the losses, suggesting traders have largely resisted panic selling despite the market pullback.
XRP Traders Show Resilience During Market Weakness
The latest liquidation figures stand out because market declines often trigger large waves of forced position closures. However, XRP traders reacted differently during the recent pullback, with liquidation activity remaining relatively subdued. According to Diana, most of the liquidated positions were long trades, while overall liquidation volumes remained modest.
Meanwhile, XRP commentator Chad Steingraber pointed to another unusual development. He noted that short liquidations were almost nonexistent throughout the weekend, describing the period as exceptionally quiet for XRP derivatives trading.
This combination of long and short liquidations suggests that traders remain cautious rather than fearful. Instead of taking highly leveraged positions, many participants appear to be waiting for stronger market signals before increasing exposure.
Also Read: Analyst Says XRP On Course to Hit $2.5 to $8, Maps Clear Path
XRP Chart Reveals Important Levels Ahead
The low liquidation activity comes as XRP attempts to stabilize above an important support region. Daily chart data shows the asset trading near $1.14 after rebounding from the lower Bollinger Band around $1.08.
At the same time, XRP continues to face resistance near the Bollinger Band midpoint around $1.15. A successful move above that level could strengthen buying momentum and increase the likelihood of a push toward the upper Bollinger Band near $1.23.
Source: Tradingview
Additionally, the Relative Strength Index has recovered to approximately 41 after nearing oversold territory earlier this month. Although the indicator remains below the neutral 50 level, the rebound suggests that bearish momentum has weakened in recent sessions.
What Comes Next for XRP?
Current market conditions suggest traders are closely monitoring key technical levels while maintaining a patient approach. Support around $1.08 remains critical for preserving the current structure, while resistance near $1.15 continues to cap upward movement.
For now, Diana’s data highlights a market that remains composed despite recent weakness. The unusually low liquidation totals indicate that XRP traders are avoiding panic-driven decisions as they wait for the next significant market catalyst.
Also Read: Altura Begins Vault Wind-Down as $8.5M in Redemptions Hit Platform
