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The XRP price is currently dipping into a crucial $2 liquidation zone amid rising short pressure. As long positions get liquidated and shorts pile in, a subsequent surge in open interest hints at a looming short squeeze. A clean sweep of $2 has analysts believing that it may be the trigger XRP needs to ignite a fresh price rally. 

XRP Price Eyes $2 Sweep To Fuel Next Rally

A new technical analysis by Cryptoinsightuk on X (former Twitter) reveals that XRP has recently retraced into a key liquidity zone near the $2 mark. This move has raised speculation about a possible bullish reversal that could set the stage for a major price rally. 

According to the analyst’s 1-hour XRP chart, the altcoin’s drop into this liquidity zone was not random—it aligned perfectly with a dense liquidity cluster near the $2 level, as shown on the heatmap data. This zone acted as a magnet for price action, where a significant number of buy and sell orders were concentrated, suggesting that market participants have been targeting this area for some time.

As XRP entered this key liquidity zone, Cryptoinsightuk revealed that a large number of long positions were liquidated. This spike, displayed primarily on the liquidation indicator at the bottom of the chart, confirms that many traders were caught in overly aggressive long positions and forced out of the market as prices dropped. This led to severe sell pressure, allowing XRP to reach the targeted liquidity range more swiftly.

Simultaneously, XRP’s Open Interest (OI) metric began to rise. Rather than showing a decline, which would indicate traders exiting the market, Open Interest moved upward, suggesting that new positions were being opened despite the downturn. 

XRP is currently trading at $2.18. Chart: TradingView

Typically, an increase in OI during a dip into a high-liquidity zone is seen as a warning sign for short sellers. If the price reverses from here, those short positions could be forced to close rapidly, triggering a short squeeze. Such a move could lead to a fast and aggressive price rally as shorts are liquidated and buy pressure intensifies. 

Overall, the $2 price point has become more than just a psychological barrier but a convergence of liquidation events, rising open interest, and concentrated liquidity. A clean sweep below this level could complete the liquidity hunt, shake out remaining weak hands, and potentially set the stage for a bullish reversal in the XRP price. 

Next Stop For XRP: Explosive Rise To $46?

While some analysts take a conservative stance on XRP’s near-term price, market experts like Egrag Crypto stand out with a bold forecast of a $46 all-time high by 29 September 2025. The analyst predicts that XRP’s bullish run could begin in July, projecting three ambitious short-term price targets before the end of the year. 

Once it breaks bearish barriers, XRP is expected to rally to an initial target of $12, marking a 500% increase from its price of $2.18 at the time of the analysis. Following this, Egrag Crypto predicts an average target of $24 for XRP before a potentially explosive rise to the $46 peak, which represents a whopping 2,500% surge from current levels. 

Featured image from Unsplash, chart from TradingView

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