I just observed a sharp drop in XRP — the coin fell 16% in a day, dropping to $1.33. Bitcoin also fell by 7%, but XRP clearly took a bigger hit. Looking at liquidation data — about $46 million worth of positions were forcibly closed, mostly long positions. This isn't just a spot sell-off; it's a real game with leverage.

Technically, it's interesting — the price broke through the $1.44 level, which previously served as support. Now it's resistance. The next psychological target is visible at the $1.00 level, where there’s practically no recent trading history. The chart shows a classic pattern — gradual decline throughout the day, followed by a sudden drop at the end when stop-loss orders trigger.

Interestingly, fundamentally, there were positive news for XRP and Ripple. Flare and Hex Trust launched access for minting FXRP and staking FLR — allowing institutions to work with XRP in DeFi without selling it. Ripple also obtained electronic money licenses in Luxembourg. But the market simply ignores this. It’s clear that traders either don’t see enough demand yet or doubt the speed of institutional flows.

So currently, XRP is trading as a pure play on positioning and momentum, not on adoption stories. The fundamentals are just in the background. Technical levels decide everything.