XRP
XRP Drops to $1.31 Following Market-Wide Leveraged Liquidations
XRP has breached key support levels around $1.35 as broader crypto liquidations wiped out nearly $1 billion in leveraged positions.
XRP fell 5.0% over a 24-hour period to reach $1.31, marking a 6.3% decline over the past week and leaving the token 64.1% below its all-time high of $3.65.
The downturn occurred alongside a wider market drop that liquidated nearly $1 billion in leveraged positions across major assets, including Bitcoin and Ether. According to the article, forced liquidations by exchanges contributed to the decline, though it remains unclear whether prolonged holder selling will extend the drop.
With the price breaking through previous support levels between $1.35 and $1.38 as well as the $1.32 mark, the article notes that the next established historical support level sits at $1.17, a low reached in August 2026.
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