XRP slid about 2.7% to hover near $1.35 after a sharp late-session sell-off that pushed the token below key $1.36 support. Heavy, rapid selling with a spike in volume points to forced liquidations and a fragile market structure rather than orderly profit-taking. XRP dropped below $1.40 and is now hovering near $1.35 after a volatile session, with a late burst of selling showing traders are still leaning bearish.
The move wasn’t gradual — it came fast, with heavy volume hitting in minutes, suggesting forced liquidations rather than normal selling. The key shift is momentum: sellers are in control unless XRP reclaims $1.40. The sharp spike in volume during the drop suggests liquidations, not just profit-taking.
This creates a fragile setup where small moves can trigger larger cascades. $1.35 is now the key level — holding it keeps XRP range-bound. A break below opens downside toward $1.30, while reclaiming $1.40 is needed to stabilize the structure.
XRP slid about 2.7% to hover near $1.35 after a sharp late-session sell-off that breached the $1.36 support. The move featured heavy, rapid selling with a spike in volume, pointing to forced liquidations rather than ordinary profit-taking. The momentum shift shows sellers in control unless XRP recovers the $1.40 level, underscoring a fragile setup for the market.
The drop was swift, with volume spiking in minutes as liquidity dried up. This behavior suggests liquidations rather than typical selling pressure, keeping the market vulnerable to further downside unless buyers return near $1.40. A breach below $1.35 could open the path to $1.30, while reclaiming above $1.40 would help stabilize the structure, and traders should monitor for stabilizing bid activity around $1.35, as a sustained hold may keep XRP range-bound.
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