XRP single-day plunge of nearly 10%, but the bullish thesis hasn’t been fully broken yet.
After the news impact of #CLARITY法案 , #xrp fell to a low of $1.27, with about $40 million in positions liquidated; 95% were long positions, marking the biggest long liquidation since August 22.
Previously, XRP failed to break through the $1.50 resistance, but this move looks more like a technical pullback plus concentrated deleveraging.
More importantly, on-chain whales are still absorbing demand, and Ripple continues to roll out initiatives such as stablecoins and RWA-related businesses. For the short term, watch the $1.27 support and the $1.50 resistance—direction will depend on these two levels.
After the news impact of #CLARITY法案 , #xrp fell to a low of $1.27, with about $40 million in positions liquidated; 95% were long positions, marking the biggest long liquidation since August 22.
Previously, XRP failed to break through the $1.50 resistance, but this move looks more like a technical pullback plus concentrated deleveraging.
More importantly, on-chain whales are still absorbing demand, and Ripple continues to roll out initiatives such as stablecoins and RWA-related businesses. For the short term, watch the $1.27 support and the $1.50 resistance—direction will depend on these two levels.
