XRP Tumbles 8% Amid Liquidations, ETF Uncertainty, and Profit-Taking — Support Holds at $3.06
Summary:
XRP faced sharp intraday losses between July 24 and 25, sliding 8% as liquidation flows, regulatory headwinds, and heavy profit-taking pressured the token, despite fresh signals of corporate adoption.
Key Takeaways:
- Price Action: XRP traded in a wide $0.30 range from $2.96 to $3.26, ultimately closing at $3.08. The day began at $3.13, followed by a steep decline and a temporary rebound before another pullback late in the session.
- Volatility Spike: More than $105 million in XRP long positions were liquidated, contributing to a sharp downward move. According to CoinGlass, the broader crypto market saw $18 billion in liquidations during the period.
- Support Holds: Despite the volatility, XRP managed to hold the $3.06–$3.10 support zone after multiple tests, showing signs of potential stabilization heading into the next session.
Corporate Developments vs. Market Turbulence:
While institutional profit-taking dominated the trading session, XRP also saw notable adoption headlines:
- Nature’s Miracle revealed a $20 million XRP treasury allocation plan.
- Brazil-based VERT launched a $130 million blockchain infrastructure initiative built on the XRP Ledger.
These developments highlight growing real-world use cases for XRP, even as macro-level concerns — including potential ETF approval delays — weighed heavily on sentiment.
Technical Outlook:
- Range: Daily high of $3.26 and low of $2.96 reflect a 7.85% trading range.
- Resistance: Sellers defended the $3.24–$3.26 zone during a midday rally.
- Support: Repeated bounces off $3.06–$3.10 support were backed by volume spikes.
- Late-Session Price Action: A dip to $3.05 during the 03:00–04:00 window on a 6.2M volume surge hints at forced selling. Price recovered to $3.08 — potentially signaling a reversal.
What’s Next for Traders:
- Watch for whether XRP can hold above the $3.06–$3.10 level as a base.
- Monitor updates from U.S. regulators on ETF timelines.
- Look for institutional buy signals or renewed retail interest above $3.15.
- Track broader crypto sentiment following the high-volume liquidation cascade.
