XRP price prediction: Bulls lose $70 million as Ripple-linked token plunges 7%
CoinDesk
XRP dropped nearly 7% to around $1.75 due to a broader crypto selloff, causing over $70 million in long liquidations.Summary
The XRP token experienced a sharp decline of about 6.7%, trading near $1.75, driven by a general cryptocurrency selloff led by Bitcoin rather than news specific to Ripple. This weakness triggered significant long liquidations in XRP futures, totaling over $70 million, which amplified the price drop. The breakdown below the former support level of $1.79 occurred on high volume, suggesting institutional involvement, and has now flipped the $1.79–$1.82 zone into key resistance. Traders are now watching $1.74–$1.75 as critical short-term support; holding this level could lead to consolidation, while a break below it might open the door for a further drop toward $1.72–$1.70.
(Source：CoinDesk)