XRP Trails as Bitcoin Rally Sparks $387M in Liquidations
XRP’s price remains in a cautious range, holding support at $2.05 and resistance at $2.17, as traders wait for stronger volume to confirm sustained momentum. Despite posting modest gains, the token underperformed the broader crypto market while Bitcoin surged past $94,000, triggering significant liquidations across derivatives.
Market Snapshot
Bitcoin’s sharp rally lifted most major crypto assets, creating intense volatility among large-cap tokens. In the last 24 hours, 107,333 traders were liquidated, totaling $387.5 million—including a $23.98 million BTC long on HTX.
XRP’s response was muted, underperforming the CD5 index by 1.55%, indicating rotation away from the token during the risk-on swing. Institutional flows remained subdued, with 24-hour trading volume 5.88% below the seven-day average, reflecting limited conviction behind the move.
Technical Outlook
XRP shows a constructive intraday pattern with higher highs and higher lows, but momentum is inconsistent. Support at $2.05 has held, while resistance at $2.17 capped the recent rally. A brief spike at 15:00 faced volume rejection, pulling the token back into the $2.15–$2.16 range.
XRP’s lag relative to Bitcoin signals potential for either a delayed catch-up rally or deeper consolidation if broader momentum fades.
