Altcoins News
By James Thorp
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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.
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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.
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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…
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Despite the aggressive selloff, XRP managed to find support between $3.06 and $3.10 — levels that were tested multiple times throughout the session.
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One of the contributing factors to the volatility is the uncertainty surrounding a potential XRP ETF.
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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…
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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…
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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.
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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.
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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…
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