It’s been a rollercoaster week for XRP, and if you’ve been keeping an eye on crypto charts, you probably noticed something big brewing near the $2 mark.

No, it’s not just a psychological milestone—it’s a magnet for traders, liquidations, and possibly the setup for XRP’s next major rally.

Let’s break down what’s really happening behind the scenes.

The $2 Zone Is No Accident—It’s a Pressure Cooker

According to crypto analyst Cryptoinsightuk, XRP has slipped into a key liquidity area hovering around $2.

This isn’t a random dip—it’s a strategic return to where lots of buy and sell orders are waiting to be triggered.

Heatmap data backs this up, showing that traders have been eyeing this exact spot for some time.

As XRP dropped into this zone, long positions started getting liquidated left and right.

Basically, a lot of bullish traders bet too early—and got flushed out when prices fell.

The result? A wave of sell pressure that shoved XRP even deeper into that liquidity pocket.

Why Rising Open Interest Is Raising Eyebrows

While many longs were forced out, something unusual happened: Open Interest (OI) didn’t drop.

In fact, it climbed.

That’s a pretty strong signal that new positions are opening—particularly shorts betting XRP will fall even further.

But here’s the kicker: if XRP’s price turns around now, all those shorts could be caught off guard.

That could trigger what’s called a short squeeze, where panicked sellers buy back quickly to cover their positions, pushing prices even higher, fast.

At the time of analysis, XRP was trading at around $2.18, and traders are watching closely for any hint of reversal.

Why the $2 Mark Is More Than Just a Nice Round Number

This isn’t just about technicals—it’s about trader psychology.

The $2 mark now represents a trifecta of pressure:

A liquidation cluster where many longs have already been wiped out
A magnet for market orders thanks to heavy liquidity
Rising open interest signaling fresh bets on price movement

All of this creates a classic setup: if the price dips a bit more and then rebounds, it could spark the exact kind of rally XRP fans have been waiting for.

Big Dreams for XRP: Could $46 Really Be on the Horizon?

While some experts are staying cautious, others are boldly optimistic.

One of them, crypto analyst Egrag Crypto, sees XRP smashing past its recent highs and eventually reaching a mind-blowing $46 by September 29, 2025.

How do we get there?

First, Egrag expects a jump to $12 this year—a 500% climb from current levels.
Then comes a potential move to $24, with the final peak at $46, a staggering 2,500% gain from today’s price.

Of course, this is all speculation, but for XRP holders, it’s enough to fuel some serious hope.

The Takeaway: XRP’s At a Turning Point

So, what’s next for XRP? It’s sitting at a pivotal crossroads.

The $2 level could be the launchpad for a rally—or a trapdoor for more declines.

But if price action swings upward and triggers a short squeeze, things could escalate quickly.

For now, all eyes are on the charts, the heatmaps, and—let’s be honest—those bold predictions that XRP might still have a lot of room to run.

One thing’s for sure: this isn’t the time to look away.