XRP slides 7% as rapid selling breaks major $1.79 support

$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.

News Background

• $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.

Price Action Summary

• $XRP dropped about 6.7%, falling from $1.88 to $1.75
• Support near $1.79 failed during the selloff
• Volume surged sharply during the breakdown, signaling forced selling
• Price stabilized in a narrow $1.74–$1.76 range late in the session

Technical Analysis

• $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.

What traders say is next?

• Traders see $1.74–$1.75 as the immediate line in the sand.
• If $1.74 holds, $XRP may continue consolidating as liquidation pressure eases — but bulls need a reclaim of $1.79, and ultimately $1.82, to shift structure back toward neutral.
• If $1.74 breaks, downside risk opens toward $1.72 and $1.70, with momentum likely to build as remaining support gives way.
• For now, $XRP remains liquidation-sensitive and tightly correlated to bitcoin, with technical levels — not headlines — dictating direction.