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XRP faced a sharp price drop between July 24 and 25, sliding by 8% as market volatility surged. The token’s value fluctuated in a narrow $0.30 range between $2.96 and $3.26, with over $105 million in long positions liquidated during the session. This sudden selloff came as investor nerves were rattled by growing uncertainty over the potential approval of an XRP exchange-traded fund (ETF), while large holders rushed to take profits.
The session started with optimism as XRP opened around $3.13 and attempted to rally. However, the price action was quickly reversed when selling pressure intensified near the $3.24–$3.26 resistance zone. Traders likely began taking profits as XRP approached these key levels, especially after recent gains that had pushed the price to multi-month highs. But the real damage came from a liquidation cascade, where leveraged positions were forcefully closed, driving prices down sharply.
According to data from Coinglass, XRP liquidations during the 24-hour period topped $105 million, adding to the broader crypto market turmoil that saw $18 billion in total liquidations across all assets. This points to excessive leverage and crowded trades, which left the market vulnerable to sudden reversals.
Despite the aggressive selloff, XRP managed to find support between $3.06 and $3.10 — levels that were tested multiple times throughout the session. Buyers stepped in during these dips, helping the token stabilize toward the end of trading. Late-session data even suggested a potential bottoming, with XRP recovering modestly to close at $3.08. While this bounce is not a full recovery, it shows that there is still demand for the token at current price levels.
One of the contributing factors to the volatility is the uncertainty surrounding a potential XRP ETF. While there has been speculation that an exchange-traded product based on XRP could be approved, the lack of official updates and regulatory overhang have made investors nervous. ETF delays or rejections could affect sentiment significantly, especially after the success of Ethereum and Bitcoin ETFs in attracting institutional capital.
At the same time, corporate interest in XRP continues to grow. Nature’s Miracle, a biotech firm, revealed a $20 million treasury strategy using XRP, highlighting the token’s real-world utility. In a separate development, Brazilian company VERT deployed a $130 million blockchain-based logistics platform on the XRP Ledger. These examples show how XRP is finding adoption outside of speculative trading — something that could offer longer-term support.
However, institutional sellers appear to be dominating the market in the short term. Many large holders may be locking in profits after the recent XRP rally, especially as doubts swirl around ETF timelines and the broader market faces tightening liquidity conditions. This kind of selling often outweighs smaller inflows from corporate or retail buyers, leading to sudden and deep price corrections.
From a technical perspective, XRP’s performance during the session was shaped by key resistance and support levels. The token’s price peaked at $3.26 during mid-session on unusually high volume — nearly 176 million in total, which was more than twice the average. This spike hinted at a mix of buyer enthusiasm and distribution by profit-takers. As the day wore on, a steep decline brought XRP down to $3.05 on a surge in selling volume of over 6 million, likely due to liquidation flows or stop-loss triggers.
Despite the intense selling pressure, the fact that XRP didn’t break below its $3.06 support floor could be a sign that the worst of the correction might be over, at least for now. Traders will likely be watching closely for a retest of that level, or a move back above the $3.26 resistance. A clean break in either direction could set the tone for XRP’s next big move.
In summary, XRP’s 8% price drop and $105 million in long liquidations reflect a market under stress, caught between growing real-world use cases and nervousness around regulatory decisions. While corporate adoption and strong support levels offer some hope for stabilization, traders should remain cautious as leveraged positions continue to unwind and ETF uncertainty lingers.
