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Despite the continuous volatility on the rest of the market, XRP is still showing exceptional strength, despite entering an expected correction period. The market structure is still firmly bullish despite the asset currently going through a slight correction after hitting $3.60. As opposed to transient pumps, the price chart shows a robust breakout followed by consolidation, a pattern typical of long-lasting bullish rallies.
Not only is the price increase noteworthy, but the market conditions that supported it are also noteworthy. All liquidity metrics are showing green flashes. XRP has one of the healthiest order books on the market right now, with both buyers and sellers demonstrating a high level of interest.
This equilibrium lowers the possibility of sharp price fluctuations and denotes actual market activity as opposed to speculative outbursts. Liquidity is significantly improving, even though XRP trade volumes have not yet reached their annual peaks. This discrepancy between liquidity and volume is noticeable. It implies that strong structural support — likely from institutions or major market participants methodically building up positions — is driving the market rather than just hype.
At the same time, Ethereum's 1% market depth has risen to its highest level of the year, indicating that the market is generally doing well across the main altcoins. The depth of XRP's own order book reflects that of an established asset ready for steady growth, and the cryptocurrency is profiting from this environment.
Technically speaking, XRP is still well above important moving averages, and although RSI levels are high, they are not yet raising any serious warning signs. The likelihood of a move toward $4 increases if the asset stays above the $2.90-$3.00 support zone during this consolidation. With a technically sound chart structure, healthy liquidity and a supportive order book, XRP appears poised to return to and potentially surpass the $4 mark soon — but with a much stronger base under it this time.
Vladislav Sopov
U.Today Editorial Team