Just caught the XRP selloff and wow, $70 million in long liquidations in a single move. That's a brutal reminder of how crowded the positioning was before this whole thing unraveled. XRP tanked about 6.7% down to $1.75 as bitcoin weakness triggered a cascade of forced selling rather than any news specific to the token itself. The breakdown was textbook liquidation behavior — price just shattered through the $1.79 support level on heavy volume, which tells me institutions were actively participating in pushing it lower, not some retail panic dump. What's interesting is the volume spike during the breakdown versus the weak bounce after. That's the signature of forced sellers hitting the market all at once, then buyers tentatively stepping in near $1.74 to catch what looked like a bottom. But the recovery stalled fast, and volume dried up on the way back up, which suggests we're consolidating here rather than reversing. The $1.79–$1.82 zone flipped from support to resistance pretty quickly, so bulls need to reclaim that to get any real upside momentum. Right now traders are watching $1.74–$1.75 as the line in the sand. If it holds, we probably grind sideways as liquidation pressure eases and the market catches its breath. But if we break below $1.74, downside opens toward $1.72 and $1.70 with momentum likely building as support gives way. Bottom line: XRP is still tethered to bitcoin weakness and leverage positioning, so technical levels matter way more than headlines at this point. Until we see a conviction reclaim of $1.79 or higher, the path of least resistance still feels like lower.

XRP1.03%
BTC0.62%
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