XRP Volatility Spikes With $105M in Longs Liquidated Amid ETF Jitters
The post XRP Volatility Spikes With $105M in Longs Liquidated Amid ETF Jitters appeared on BitcoinEthereumNews.com. 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…
The post XRP Volatility Spikes With $105M in Longs Liquidated Amid ETF Jitters appeared on BitcoinEthereumNews.com.
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…
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