XRP price: What next for Ripple-linked token as slide to $1.35 signals weak support
CoinDesk
XRP slid toward $1.35 after a sharp sell-off, signaling weak support and potential forced liquidations amid rising leverage.Summary
XRP experienced a sharp, late-session sell-off, causing it to slide approximately 2.7% and hover near the $1.35 support level after breaking below $1.36. The rapid drop, accompanied by a spike in volume, suggests forced liquidations rather than orderly profit-taking, indicating a fragile market structure. Traders are now watching $1.35 as critical near-term support; a break below this level could lead to further downside toward $1.30. Conversely, reclaiming the $1.40 resistance level is necessary to stabilize the structure. Rising leverage, where traders add positions while the price falls, further suggests that a larger directional move is imminent as volatility expands.
(Source：CoinDesk)