XRP slides toward $1.35 as liquidation wave signals weak support

XRP dropped below $1.40 and is now hovering near $1.35 after a volatile session, with a late burst of selling showing traders are still leaning bearish. The move wasn’t gradual — it came fast, with heavy volume hitting in minutes, suggesting forced liquidations rather than normal selling.

News Background

• XRP fell roughly 2.7% over 24 hours, slipping from $1.40 to near $1.36
• A sharp sell-off in the final hour saw volume spike dramatically, pointing to liquidation-driven moves
• The token remains stuck below $1.40, a level that has repeatedly capped recovery attempts

Price Action Summary

• Price trended lower throughout the session, forming consistent lower highs
• A late drop pushed XRP through $1.36 support before stabilizing near $1.35
• Selling accelerated quickly rather than gradually, indicating weak support structure
• Short-term range now tightens around $1.35-$1.37

Technical Analysis

• The key shift is momentum: sellers are in control unless XRP reclaims $1.40
• The sharp spike in volume during the drop suggests liquidations, not just profit-taking
• At the same time, leverage is building — traders are adding positions even as price falls, which can fuel further volatility
• This creates a fragile setup where small moves can trigger larger cascades

What traders should watch

• $1.35 is now the key level — holding it keeps XRP range-bound
• A break below opens downside toward $1.30
• On the upside, reclaiming $1.40 is needed to stabilize structure
• With volatility compressing earlier and now expanding, a bigger directional move looks close