XRP crashes toward key $1.10 support as crypto liquidations explode
7 billion in leveraged positions across digital assets. The token is now down 33% year-to-date, and while it is not the worst performer in the sector, the latest sell-off has raised concerns that a longer-term correction could be unfolding if key technical levels fail to hold. 4% of its circulating market cap.
The surge in volume suggests increased liquidation-driven selling rather than gradual distribution, reflecting broader stress across leveraged markets. Investor sentiment has weakened further amid rising geopolitical tensions, particularly in the Middle East. Key concerns include the ongoing stalled negotiations between the United States and Iran and the threats of escalating conflict if diplomatic progress fails.
Investors are also concerned about the proposed tariff increases by President Donald Trump on 60 countries. These developments have contributed to a sharp deterioration in risk appetite across markets. The Crypto Fear and Greed Index has dropped to 19, placing sentiment near “Extreme Fear” territory.
The bearish performance is supported by the weakness displayed in the ETF market. According to CoinGlass , XRP exchange-traded funds (ETFs) recorded an outflow of $5 million on Wednesday. This was the first outflow recorded in 21 days.
4 billion in cumulative inflows. This divergence suggests that while short-term traders are exiting positions, longer-term institutional capital continues to accumulate exposure. 10 in focus The XRP/USD 4-hour chart is bearish and efficient thanks to the latest market selloff.
The weekly chart shows that XRP is trading around a key historical support level. A notable long-term signal emerged when the Relative Strength Index (RSI) dropped below 30, an oversold condition that has previously preceded strong rallies. The MACD lines are also within the negative territory.
15. 10 invalidation level to stand a chance of a recovery. 80 support zone in the near term.
36. 55. 10 would invalidate the historical bullish setup and increase the likelihood of deeper downside continuation.
While XRP is approaching oversold conditions on lower timeframes, analysts note that price action remains fragile. 10 support zone can hold amid broader market volatility and liquidation-driven selling pressure. 10 support as crypto liquidations explode appeared first on Invezz
