XRP
XRP is facing renewed selling pressure after a sharp reversal triggered more than $30 million in leveraged long liquidations over five days, exposing the vulnerability of bullish positioning across the derivatives market. The token's decline has left its price near $1.1799, while liquidation data points to another potential wave of forced selling if buyers fail to defend the next critical support zone.
The latest liquidation cycle intensified on Friday, when total daily liquidations reached approximately $16.75 million, around 2.74 times the weekly average. Long positions accounted for $16.01 million, representing 95.54% of total losses, while short sellers lost approximately $746,000. The imbalance highlights how heavily derivatives positioning had tilted toward further upside before the market reversed.
Binance recorded the largest share of XRP-related liquidations, with approximately $8.06 million in leveraged positions wiped out. More than 3,600 traders reportedly lost their entire positions during the broader liquidation event. The sequence illustrates how excessive leverage can amplify a relatively sudden price reversal: forced position closures create additional selling pressure, potentially triggering further liquidations among traders operating with insufficient margin.
The immediate concern is whether XRP can stabilize after losing 6.41% in spot-market value over the reported period. At approximately $1.1799, the token remains under pressure, while its weekly chart structure reflects repeated failures by buyers to sustain recovery attempts above $1.22. The latest weekly candle has developed a pronounced upper wick, suggesting that sellers have repeatedly absorbed buying interest at higher prices.
The technical picture adds to the bearish pressure. XRP is trading below its 50-period and 100-period exponential moving averages, with the 100 EMA around $1.271 now acting as an important resistance reference. A sustained recovery above this level would be necessary to improve the broader technical structure. Until then, attempts to reclaim higher prices remain vulnerable to renewed selling.
Momentum indicators also reflect the deterioration in market conditions. The Relative Strength Index stands at 33.21, placing XRP close to oversold territory. While this reading indicates substantial downward momentum, it does not independently establish that a reversal is imminent. The earlier bearish divergence has also played out, reinforcing the weakness visible in the broader price structure.
The next immediate area of concern is the $1.1588 liquidation zone, which sits approximately 1.79% below the reported market price. A separate liquidation reference places critical long-position exposure near $1.1729, highlighting the concentration of potential forced selling around the current price region. These figures represent different liquidation references rather than a single confirmed support level.
According to the supplied liquidation estimates, algorithms place roughly 50% odds on XRP testing the identified downside zone within the following 24 hours. A failure to stabilize around this area could expose approximately 928,900 additional positions to forced closure, potentially accelerating the decline. However, liquidation estimates are conditional projections, not guarantees that the entire amount will be realized.
For buyers, the immediate challenge is to prevent another breakdown while restoring sufficient momentum to reclaim lost technical levels. A sustained hold above the nearby liquidation zones, followed by a recovery toward $1.22, would offer an initial indication that selling pressure is easing. A stronger improvement would require XRP to regain its moving averages, particularly the 100 EMA near $1.271.
Conversely, a decisive move below $1.1588 accompanied by further long liquidations would strengthen the bearish outlook and increase the risk of another leveraged selling cascade. With the reported liquidation imbalance heavily concentrated on the long side and the broader technical structure still deteriorating, XRP has yet to demonstrate a convincing bottom.
The immediate direction will depend on whether buyers can absorb the remaining liquidation pressure or whether another wave of forced closures turns the current correction into a deeper decline.
