XRP Price Slides Below Key Support as Liquidations Accelerate Amid Broader Crypto Selloff

XRP came under heavy selling pressure as a broad-based cryptocurrency market downturn triggered a sharp wave of long liquidations, pushing the token decisively below a key technical support level before tentative buying interest emerged. The move unfolded against a backdrop of bitcoin-led weakness, which weighed on higher-beta altcoins and intensified downside momentum across derivatives markets.

During the session, XRP price dropped roughly 6.7%, sliding from around $1.88 to near $1.75. The selloff accelerated once support near $1.79 failed, a level closely watched by traders. As that floor gave way, liquidation-driven selling surged, with futures data showing more than $70 million in XRP liquidations, overwhelmingly from long positions. This highlighted how crowded bullish positioning amplified losses once price slipped below critical thresholds.

Trading volume spiked sharply during the breakdown, signaling forced selling and participation from larger, institutional-style players rather than a thin, low-liquidity move. After printing a session low around $1.74, XRP stabilized and began moving sideways in a narrow $1.74–$1.76 range. However, the rebound lacked conviction, with volume fading on the bounce, suggesting consolidation rather than the start of a trend reversal.

From a technical perspective, the former support zone between $1.79 and $1.82 has now flipped into resistance. Unless XRP can reclaim this area with strong volume, upside attempts are likely to remain capped. Traders are closely watching the $1.74–$1.75 region as an immediate line in the sand. Holding above this zone could allow XRP to consolidate as liquidation pressure eases.

On the downside, a clean break below $1.74 could open the door toward $1.72 and potentially $1.70, where momentum may build if remaining support levels fail. For now, XRP remains highly sensitive to derivatives positioning and closely correlated with bitcoin’s price action, with technical levels — rather than project-specific news — continuing to dictate short-term direction.