XRP traded around $1.33247 as of 9:11 a.m., continuing its downtrend as price pressed toward the lower end of its intraday range. The asset was down 3.07% over the past 24 hours, with a session high of $1.38237 and a low of $1.32559. XRP has formed a pattern of lower highs and lower lows since rejection from a peak near $1.466, with momentum fading after reaching that level. Recent activity shows XRP trading just above support near $1.326, while sellers have dominated as rebounds failed to hold.
Volume expanded during key downward moves and remains elevated, reinforcing the bearish pressure. Crypto-derivatives data indicate liquidation activity concentrated in major assets, led by Ethereum, with XRP experiencing significant long-side pressure. Coinglass data show total liquidations of about $450.54 million over the past 24 hours, dominated by long positions; within XRP, liquidations total $7,746,753, including roughly $7,151,908 in longs versus $594,848 in shorts, underscoring a clear tilt toward long liquidations.
Technical indicators point to ongoing bearish momentum: the RSI sits at 32.00, just above oversold territory, while the MACD remains bearish with the line at -0.02057, the signal at -0.01512, and the histogram at -0.00545. XRP is trading below the 14- and 21-period SMAs at $1.37636 and $1.38847, indicating a formidable overhead resistance. Bollinger Bands place the price near the lower band at $1.32568, with the midline near $1.38637 and the upper band at $1.44706, suggesting XRP is testing the lower edge of its volatility range. A move back above the $1.326 support level could open the door to a recovery, but that would require breaking above the $1.37–$1.38 region and the clustered moving averages to signal potential stabilization.
Until then, the trend remains bearish. Today’s macro backdrop adds another layer of pressure: XRP faces a tougher environment as geopolitical tensions and energy-market dynamics contribute to broader crypto volatility. The ongoing U.S.–Iran situation, coupled with a price shock in Brent crude, has heightened risk sentiment across markets, with oil staying elevated and inflation expectations rising. As these conditions persist, XRP could remain vulnerable to further downside unless it can reclaim key resistance levels and regain buying interest.
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