XRP slid about 6.7 percent to trade near $1.75 as a bitcoin-led crypto sell-off triggered heavy long liquidations rather than token-specific news. More than $70 million in XRP futures, mostly long positions, were liquidated as price broke decisively below the $1.79 support on exceptional volume. Traders now view $1.74–$1.75 as key near-term support, with a reclaim of $1.79–$1.82 needed to neutralize downside risk and a break of $1.74 opening room toward $1.72 and $1.70. XRP sold off sharply as broader crypto weakness triggered a wave of long liquidations, forcing price below a key support level before buyers tentatively stepped in near $1.74.
XRP fell alongside a broader crypto selloff, with bitcoin-led weakness pressuring high-beta tokens. The move was driven by positioning rather than token-specific news, as leveraged longs were forced out once key support levels failed. Derivatives data showed more than $70 million in XRP futures liquidations, overwhelmingly from long positions, suggestive of how crowded positioning amplified the downside once selling accelerated. XRP broke decisively below $1.79, triggering a liquidation-driven cascade that pushed 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 rebound followed, but recovery attempts stalled below $1.76, and volume faded on the bounce — a sign stabilization, not reversal. Former support between $1.79 and $1.82 has now flipped into resistance, capping upside unless reclaimed with conviction. Traders see $1.74–$1.75 as the immediate line in the sand.
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