XRP slides toward $1.35 as liquidation wave signals weak support
Sharp late-session selling and rising leverage suggest a bigger move is coming, with downside risk building.
What to know:
— 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.
— Traders are watching $1.35 as near-term support and $1.40 as critical resistance, with rising leverage and compressed volatility signaling a potentially larger move ahead.
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.
News Background
— XRP fell roughly 2.7% over 24 hours, slipping from $1.40 to near $1.36
— A sharp sell-off in the final hour saw volume spike dramatically, pointing to liquidation-driven moves
— The token remains stuck below $1.40, a level that has repeatedly capped recovery attempts
Price Action Summary
— Price trended lower throughout the session, forming consistent lower highs
— A late drop pushed XRP through $1.36 support before stabilizing near $1.35
— Selling accelerated quickly rather than gradually, indicating weak support structure
— Short-term range now tightens around $1.35-$1.37
Technical Analysis
— 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
— At the same time, leverage is building — traders are adding positions even as price falls, which can fuel further volatility
— This creates a fragile setup where small moves can trigger larger cascades
What traders should watch
— $1.35 is now the key level — holding it keeps XRP range-bound
— A break below opens downside toward $1.30
— On the upside, reclaiming $1.40 is needed to stabilize structure
— With volatility compressing earlier and now expanding, a bigger directional move looks close