Saad Ullah
XRP (Ripple) got hammered yesterday, dropping 7% from $3.34 to $3.10 as over $1 billion in crypto liquidations swept the market. The selloff pushed XRP to its lowest point in over a week, but big players started buying when the token hit crucial $3.05 support.
The carnage peaked around midday with a massive 436.98 million volume spike. XRP crashed from $3.22 to $3.09 in pure panic selling, but managed to hold above $3.05 despite multiple tests at that level.
XRP Holds $3.05 Support Despite Heavy Selling
XRP swung from $3.34 down to $3.05 – nearly 9% intraday volatility. The worst hit came at noon when coordinated selling triggered automated liquidations across derivatives markets.
After the brutal drop, XRP found footing between $3.05 and $3.13, showing the panic wave had been absorbed. The late-session recovery from $3.09 to $3.10 broke above immediate resistance, giving bulls hope.
That $3.05-$3.09 zone got tested multiple times and held firm. Volume declined after the midday spike, suggesting forced liquidations were running out of steam.
XRP (Ripple) Price Prediction: Key Levels Ahead
XRP faces clear resistance at $3.13, with stronger resistance at $3.20. A push above $3.13 with volume could signal a real bounce.
On the downside, $3.05 support proved its worth. But if it breaks, XRP could challenge the $3.00 level quickly.
Late-session volume spikes of 4.53 million and 3.76 million showed institutional money stepping in at lower prices. Ripple's CTO also reminded everyone that XRP Ledger is ready for mainstream use.
The big question: was this a one-off liquidation event or something bigger? XRP holders are watching for follow-through buying above $3.13 and whale wallet activity.
Saad Ullah
