XRP slides toward $1.10 support as crypto liquidations surge

XRP has plunged toward the $1.10 support level after a wave of leveraged liquidations erased more than $1.7 billion across digital assets, leaving the token down 33% year‑to‑date and prompting a sharp rise in trading volume [1]. The move comes as broader crypto sentiment turns extremely fearful, with the Crypto Fear & Greed Index hovering near “Extreme Fear” territory.

Key takeaways

• XRP’s 24‑hour trading volume jumped 56% to about $3.4 billion, roughly 4.4% of its circulating market cap [1].
• ETF products linked to XRP recorded a $5 million outflow, ending a 21‑day inflow streak, while institutional net assets remain around $1 billion [1].
• Futures markets showed a $5 billion surge in activity but low open interest, indicating short‑term repositioning rather than long‑term conviction [2].
• Technical indicators place $1.10 as the critical support; a break could expose the $0.80 zone, while a hold may allow a bounce to $1.36 [1][2].
• Despite the sell‑off, XRP posted a modest 1% gain in the latest session, trading near $1.11–$1.12, though it still lags major crypto benchmarks by about two percentage points [2].

Liquidation pressure and market dynamics

The recent crash is tied to a broader “risk‑off” impulse that has hit altcoins harder than Bitcoin. Analysts note that $1.7 billion in leveraged positions were liquidated, driving a surge in sell orders and pushing XRP toward its historical $1.10 “invalidation” level [1]. The 4‑hour chart remains bearish, with MACD still in negative territory, and the Relative Strength Index has slipped below 30, signaling oversold conditions that could precede a rally if support holds [1].

At the same time, ETF flows turned negative, with XRP‑linked funds seeing a $5 million outflow—the first such outflow in three weeks—while still holding about $1 billion in net assets [1]. This divergence suggests short‑term traders are exiting, whereas longer‑term institutional capital continues to accumulate exposure. Futures trading volume surged to roughly $5 billion, but open interest stayed near cycle lows, pointing to traders repositioning rather than building new long‑term positions [2].

Technical outlook and price targets

On the daily chart, XRP hovered around $1.15, with the $1.10 level acting as the decisive support zone. A close below $1.10 could trigger a retest of the $0.80 support area, while a firm hold may enable a bounce to the first resistance near $1.36 and potentially the May high of $1.55 if momentum resumes [1]. CoinDesk’s analysis notes that XRP remains below its 50‑, 100‑ and 200‑day moving averages, keeping the broader technical structure favorable to sellers despite the recent stabilization [2].

The late‑session breakout above $1.11 was viewed as constructive, yet it occurred within a larger downtrend that remains intact. Traders are watching the $1.12–$1.13 resistance band, with a decisive move above $1.26 needed to shift the chart meaningfully toward the $1.30–$1.40 region [2].