XRP Volatility Spikes With $105M in Longs Liquidated Amid ETF Jitters
What to Know
XRP posted sharp losses during the July 24–25 session, dropping 8% as the token traded in a $0.30 range from $2.96 to $3.26.
An early session rally fizzled after profit-taking intensified near the resistance level, while a sudden liquidation wave wiped out more than $100 million in long positions.
Despite the selloff, key support at $3.06–$3.10 held through repeated tests, with late-session price action showing signs of potential stabilization.
Nature’s Miracle and Brazil’s VERT made headlines with new XRP-based strategies, but institutional sellers dominated the tape amid fears that ETF approvals may face delays.
News Background
• XRP traded in a 7.85% range between $2.96 and $3.26 over 24 hours starting July 24 at 05:00.
• Coinglass data showed over $18 billion in total crypto liquidations during the session.
• XRP long liquidations topped $105 million, contributing to rapid declines.
• Nature’s Miracle announced a $20 million XRP treasury plan.
• Brazil-based VERT deployed a $130 million blockchain solution built on the XRP Ledger.
Price Action Summary
The session opened at $3.13 and saw a sharp drop to $2.96, followed by a bounce to a $3.26 high at 15:00 on 175.94 million volume — more than double the average. However, resistance at $3.24–$3.26 capped gains. Price collapsed again late in the session, dropping to $3.05 during the 03:00–04:00 window on a 6.2 million volume spike, likely due to forced selling or liquidation flows. XRP recovered modestly to close at $3.08.
Technical Analysis
• Trading range of $0.30 between $2.96 low and $3.26 high.
• Heavy resistance confirmed at $3.24–$3.26 after rejection post 15:00 rally.
• Critical support at $3.06–$3.10 tested repeatedly with volume-backed bounces.
• Final hour shows breakdown to $3.05 before reclaiming $3.08 — a possible bullish reversal signal.
• Liquidation-driven volatility suggests increased risk, but firm bid zones offer short-term structure.
What Traders Are Watching
• Whether XRP can hold the $3.06–$3.10 zone into the next session.
• Impact of further ETF-related developments from U.S. regulators.
• Signs of institutional reentry or renewed retail participation above $3.15.
• Broader crypto market stability following multi-billion-dollar liquidations.
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