XRP sold off sharply as broader crypto weakness triggered a wave of long liquidations, forcing the price below a key support level before buyers tentatively stepped in near $1.74.
News background
- XRP coincided with a broader crypto selloff, with bitcoin-led weakness squeezing high-beta tokens.
- The move was driven by positioning rather than token-specific news, as leveraged longs were forced out when key support levels failed.
- Derivatives data showed more than $70 million in XRP futures liquidations, predominantly from long positions, suggesting how crowded positioning amplified the downside as the selloff accelerated.
Summary of price action
- XRP fell about 6.7%, falling from $1.88 to $1.75
- Support near $1.79 failed during the selloff
- Volume surged during the crash, signaling forced selling
- The price stabilized in a narrow $1.74-$1.76 range late in the session
Technical Analysis
- XRP decisively broke below $1.79, triggering a liquidation-driven cascade that pushed the price to a session low near $1.74.
- The breakdown occurred on exceptional volume, confirming institutional participation rather than a low-liquidity slide.
- A modest recovery followed, but recovery attempts stalled below $1.76 and volume faded on the rejection — a sign stabilization, not reversal.
- Previous support between $1.79 and $1.82 has now turned to resistance, limiting the upside unless it is regained with conviction.
What do traders say is next?
- Traders see $1.74-$1.75 as the immediate line in the sand.
- If $1.74 holds, XRP could continue to consolidate as liquidation pressure eases – but bulls need a retracement of $1.79, and eventually $1.82, to move the structure back towards neutral.
- A break of $1.74 opens downside risk towards $1.72 and $1.70, with momentum likely to build as remaining support gives way.
- For now, XRP remains liquidation-sensitive and closely correlated to bitcoin, with technical levels — not headlines — dictating direction.
