XRP Sinks 8% as $105M in Longs Liquidated Amid ETF Uncertainty and Institutional Selling
XRP saw a steep 8% decline between July 24–25, trading within a volatile $0.30 range from $2.96 to $3.26. A combination of regulatory uncertainty, leveraged unwinding, and aggressive profit-taking weighed heavily on the market, even as enterprise use cases for XRP continue to expand.
An early session rally faltered near resistance as selling pressure accelerated, triggering over $105 million in long liquidations. Despite the sharp decline, the $3.06–$3.10 support zone held firm across multiple retests, hinting at potential short-term stabilization.
Key Developments
- Nature’s Miracle introduced a $20 million XRP-based treasury initiative.
- Brazil’s VERT deployed a $130 million blockchain solution leveraging the XRP Ledger.
- However, ETF approval delays fueled institutional risk-off flows, outweighing the adoption narrative.
Market Breakdown
- Opening price: $3.13
- High: $3.26 (15:00)
- Low: $2.96
- Close: $3.08
- Range: 7.85% intraday swing
- Volume: 175.94 million XRP — more than double the average
- Long Liquidations: $105 million+ (Coinglass)
- Total crypto liquidations: $18 billion+
Technical Picture
- Strong resistance confirmed at $3.24–$3.26 after multiple rejections.
- Key support at $3.06–$3.10 held, with volume-backed rebounds.
- Price briefly dipped to $3.05 before reclaiming $3.08, suggesting possible bullish reversal setup.
- Final-hour sell pressure likely linked to liquidation-driven flows.
What Traders Are Watching
- Can XRP sustain support above $3.06 heading into the weekend?
- Will renewed ETF optimism or regulatory clarity restore confidence?
- Are institutional buyers ready to step back in above $3.15?
- Will broader crypto markets find footing after billions in liquidations?
While fundamentals are strengthening via real-world adoption, short-term sentiment remains fragile amid macro headwinds and ETF-driven jitters. All eyes remain on the $3.06–$3.10 zone as the key line in the sand.
