XRP fell about 6.7% to around $1.75, sliding from roughly $1.88 amid a Bitcoin-led crypto selloff. Trading volume surged as leveraged long positions were force-liquidated, underscoring that the move was driven by positioning rather than token-specific news. The volume spike and the breakdown of key supports helped push XRP below a crucial level, with prices stabilizing later in the $1.74 to $1.76 area. Traders are watching the $1.74 to $1.75 region as an immediate near-term support.
A recovery into the $1.79 to $1.82 zone is needed to neutralize downside risk. If $1.74 holds, XRP could continue to consolidate; a break below could open room toward $1.72 and $1.70. The broader market weakness and high-volume liquidation suggest substantial long-liquidation pressure, with XRP futures liquidations exceeding $70 million. The price dynamics indicate XRP remains highly sensitive to overall crypto flows and remains tightly correlated with Bitcoin, with near-term direction defined by technical levels rather than headlines.
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