🔥 Gate Square Event: #PostToWinNIGHT 🔥
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📅 Event Duration: Dec 10 08:00 - Dec 21 16:00 UTC
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XRP just pulled back after a strong breakout that pushed price into 2.178. The move higher was clean and driven by real buying interest, but the latest candles show momentum cooling as sellers absorb short term strength. Price is now trading around 2.109 and sitting slightly below the MA5 and MA10, while still holding above the MA30. This signals a temporary cooldown rather than a full trend reversal.
The breakout came when XRP reclaimed the 2.07 to 2.10 liquidity band. Once that zone flipped, buyers pushed through thin order book pockets and triggered a fast acceleration into 2.178. The candles on the way up show little to no liquidation behavior. Funding across perps remains neutral, confirming that the move was supported by spot flow rather than a leveraged squeeze.
The rejection at 2.178 came from a heavy liquidity wall. Once price tapped that zone, sellers absorbed the remaining momentum and forced a rotation lower. Volume expanded at the top and faded during the pullback, which is typical of a healthy retrace driven by profit taking. There is no evidence of whales unloading aggressively or panic driven exits.
Key support now sits at 2.09 to 2.07. If buyers defend this zone, XRP can set up for another rotation higher. A clean reclaim above 2.12 with rising volume would signal that momentum is returning and that traders are positioning for another test of the 2.17 band. Losing 2.07 on strong volume would shift the short term bias toward caution and open a retrace into deeper levels.
For now XRP remains in a constructive structure with a normal post breakout pullback. Liquidity is stable, sellers are reactive not dominant and the broader trend stays intact as long as price holds above the mid range supports.
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