XRP Could Swing To $1.19 Or $20 After Order-Book Collapse, Analyst Warns

In the chaotic aftermath of last week’s market-wide wipeout, one granular forensic stands out: order-book depth on major venues thinned to “air,” letting relatively modest market orders rip through price levels with almost no ￰0￱ phenomenon, captured by independent market analyst Dom (@traderview2) on X, is now central to a stark takeaway for XRP: under the same microstructure conditions, price can mechanically gap as easily to $1.19 as to $20. It is not a forecast; it’s a statement about how quotes, liquidity, and matching engines behave under ￰1￱ Price May Gap To $1.19 Or $20 Dom’s post reconstructing the XRP leg of the move uses Binance Futures’ order-book depth to illustrate the dynamic.

“XRP orderbook depth on Binance Futures during the ￰2￱ example of ‘liquidity evaporation’,” he wrote, noting that for more than two hours pre-cascade, there was roughly “$50–60M in liquidity within 5% of price on both sides. Stable, deep book.” The hour everything broke was different. “Look closely right before 21:00 during that first leg down, nearly 20M USD market sold (shorts entering/longs liquidated). Bid side (blue) goes from $50M to near zero… At this point, XRP is near $2.50 while all liquidity under it is basically gone, air.” Minutes later, with “more sells… trickling into a basically air pocketed book,” price slid from “$2.50 to $1.19.

Nobody replenished the ￰3￱ either pulled or just walked away to ￰4￱ markets really are more fragile than most think,” he ￰5￱ Reading: XRP About To Stage A Repeat Of 2017? Here’s What Happened Last Time There Was A Flash Crash The same thread and follow-ups widened the lens to cross-venue ￰6￱ highlighted a striking divergence on the Dogecoin tape: “DOGE nuked to $0.09 on Binance, OKX, Bybit and Kraken… Coinbase was trading over 40% ￰7￱ market makers were either running a completely different playbook or protecting the ￰8￱ divergence wasn’t random and someone kept the floor intact.” The implication is not that aggressive buyers or sellers “controlled the move,” but that quote providers—market-making algorithms with the discretion to pull or reprice quotes—dictated where executable liquidity actually existed as prices ￰9￱ Reading: Is The XRP Bottom In?

Pundit Claims ‘Sellers Are Exhausted’ That framing also addresses a common post-mortem question from traders staring at cumulative volume delta (CVD) prints that went vertical even as prices fell: net buy pressure can rise while price still drops if the best offers are yanked and re-quoted lower in milliseconds, forcing buyers to chase a descending ￰10￱ Dom put it in a separate explainer on DOGE, “Liquidity was pulled and repriced lower in milliseconds, over and over again. Doesn’t matter how much you ￰11￱ closest ask keeps sliding down faster than you can hit it… Price doesn’t fall because of ‘selling’—it falls because the ground itself keeps ￰12￱ analysis so far supports the case this was happening with many coins…” The logic is symmetric: when quote liquidity vanishes above price, upside gaps can be as mechanically abrupt as downside air-pockets—hence Dom’s answer to whether a $2 to $10 or even $20 spike could happen “on the way up”: “Technically speaking, yes.” At press time, XRP traded at $2.46.

Featured image created with DALL. E, chart from ￰13￱