$XRP Sheds 7% on $437M Sell Spike as $1B Liquidations Hit Crypto Market
Despite the drop, late-session buying hints at renewed accumulation from large holders as selling pressure eased.
What to Know
XRP experienced a sharp decline, reaching its lowest level in over a week due to large-scale market liquidations.
Over $1 billion in liquidations occurred, with XRP's price dropping from $3.34 to $3.10, testing critical support levels.
Late-session buying suggests renewed interest from large holders as the selling pressure eased.
XRP fell sharply in the last 24 hours as large-scale liquidations swept through the market, pushing the token to its lowest levels in over a week before signs of stabilization emerged.
The move saw over $1 billion in market-wide liquidations and record intraday selling volume, testing critical institutional support near $3.05. Despite the drop, late-session buying hints at renewed accumulation from large holders as selling pressure eased.
Despite the drop, late-session buying hints at renewed accumulation from large holders as selling pressure eased.
What to Know
XRP experienced a sharp decline, reaching its lowest level in over a week due to large-scale market liquidations.
Over $1 billion in liquidations occurred, with XRP's price dropping from $3.34 to $3.10, testing critical support levels.
Late-session buying suggests renewed interest from large holders as the selling pressure eased.
XRP fell sharply in the last 24 hours as large-scale liquidations swept through the market, pushing the token to its lowest levels in over a week before signs of stabilization emerged.
The move saw over $1 billion in market-wide liquidations and record intraday selling volume, testing critical institutional support near $3.05. Despite the drop, late-session buying hints at renewed accumulation from large holders as selling pressure eased.