High Liquidity At This Level Could Send The XRP Price Surging Soon

Crypto analyst Steph points to expanding liquidity around $3.2 as a potential catalyst for a significant XRP price surge. This surge could allow XRP to reclaim the psychological $3 level and reach new highs. Market makers are expected to target this liquidity cluster, driving the price upwards. However, the current cryptocurrency market downtrend makes this rally less probable presently. XRP has faced range-bound trading since a substantial liquidation event on October 10. Another analyst, CasiTrades, predicted a potential drop to $1.4 before a bullish reversal and a subsequent rally towards $6.50 or $10. This bearish prediction would be invalidated if XRP consistently stays above $2.82. Conversely, Steph anticipates a double bottom pattern suggesting a reversal above $3 and a new all-time high around $4.50. Analyst Egrag Crypto highlights that XRP is forming higher highs with a confirming higher high RSI, indicating strong bullish momentum and buyer control. He states that this synchronized movement of price and RSI confirms a healthy uptrend with no bearish divergence. Egrag Crypto advises XRP holders to be concerned only if price makes higher highs while RSI makes lower highs, signaling weakening momentum. He also notes that a confirmed close above $2.65 to $2.70 is crucial. Currently, XRP is trading around $2.5, experiencing a recent decline.