XRP Underperforms Market as Sudden Bitcoin Surge Ends Up in $387M Liquidations

A sudden surge in Bitcoin above $94,000 triggered a broad cryptocurrency market rebound, leading to significant derivatives liquidations totaling $387.5 million across 24 hours. Despite this high-energy macro backdrop, XRP significantly underperformed its peers, trailing the CD5 index by 1.55%, suggesting capital rotation away from the token. XRP posted gains, rising to $2.15, but its move was accompanied by below-average trading volume, raising concerns about the strength of its momentum. Technically, XRP maintains a constructive structure with support at $2.05 and resistance at $2.17; however, bulls need expanding volume to confirm alignment with the broader market rally. If Bitcoin sustains its levels, traders are watching for a delayed catch-up move from XRP, provided the $2.05 support level holds.

(Source：CoinDesk)