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Ripple’s XRP is under pressure as the entire crypto market braces for a key moment in Bitcoin’s price movement. While XRP showed strong upward momentum in recent weeks, its attempt to break through significant resistance is losing steam—mainly due to Bitcoin stalling below a major psychological barrier. For XRP to have any realistic shot at reaching $3, the broader crypto leader will need to push past its own ceiling.
At the time of writing, XRP is trading around $2.42, slightly off its recent highs. It’s trying to overcome the $2.72 resistance level, while leaning on its 50-day exponential moving average, currently hovering near $2.27. If this level of support holds, there’s still a case for a move toward $3. But the larger trend is heavily tied to what happens next with Bitcoin.
Bitcoin, which recently approached the $105,000 mark, is showing signs of fatigue. The rally that once appeared unstoppable is now struggling under the weight of high leverage and cautious sentiment. Over the last 24 hours, more than $29 million worth of long positions have been liquidated across the market. These losses are often referred to as a “leverage flush”—a period when traders with high-risk positions are forced to exit, causing rapid price drops and heightened volatility.
XRP hasn’t escaped this pressure. In fact, nearly $16.2 million in long positions tied to XRP have been liquidated recently, accounting for about 80% of the token’s total liquidations. This lopsided exposure suggests that short-sellers are currently in control, and bullish momentum is faltering. Unless Bitcoin breaks decisively above the $105,000 resistance zone, it’s unlikely that XRP will find enough strength on its own to overcome the resistance wall at $2.60 and beyond.
Still, there’s a potential catalyst waiting in the wings. A strong Bitcoin breakout could trigger renewed inflows into altcoins, including XRP. This phenomenon, often referred to as altcoin rotation, sees capital move from dominant assets like Bitcoin into smaller tokens as traders search for higher returns. If Bitcoin leads the way, XRP could ride that momentum wave.
Not long ago, XRP made headlines by briefly overtaking Tether in market capitalization. Although it only held the third-place ranking briefly, the moment had a noticeable psychological impact on the market. It served as a reminder that XRP remains a contender among top crypto assets and has a loyal investor base ready to support breakout moves when the conditions are right.
Supporting that optimism are subtle signals from on-chain data. Analytics from CryptoQuant show that XRP reserves on Binance have declined slightly, from 2.906 billion to 2.89 billion. While the change is small, it often points to strategic behavior, such as transferring tokens to cold storage for long-term holding or quiet accumulation by larger investors. These movements can foreshadow bullish activity, especially if broader market conditions shift.
There’s also an important dynamic unfolding between XRP and Ethereum. Recently, the XRP/ETH trading pair hit a significant support zone. With Ethereum showing signs of being overbought, some investors are speculating on a reversal play—moving capital from ETH into XRP. If this trend gains traction, it could give XRP an extra push, particularly in a scenario where Bitcoin resumes its rally.
That said, the path to $3 remains speculative unless Bitcoin makes the first move. XRP’s future in the short term is tightly bound to Bitcoin’s performance at the $105,000 mark. A clean breakout would likely ignite a flurry of buying activity across the board, creating the ideal environment for XRP to surge past $2.72 and make a legitimate run at $3.
Until then, the market is in a holding pattern. Traders remain cautious, analysts are watching key technical levels, and sentiment is mixed. But if momentum returns to Bitcoin, XRP may be one of the biggest beneficiaries in what could be the next wave of altcoin rallies.
