XRP drops toward $1.10 as liquidation-driven selloff hits multi-month lows
XRP fell toward $1.10 amid a liquidation-driven selloff that pushed the token to multi-month lows, with dip buyers emerging near $1.09.
XRP dropped toward $1.10 on Friday as a liquidation-driven selloff pushed the token to its weakest levels in months, before dip buyers stepped in near $1.09.
The selloff was characterized by heavy volume typically associated with forced liquidations rather than orderly selling, according to market observers. XRP briefly slipped behind USDC in market capitalization rankings after the move. Despite the price decline, XRP ETFs recorded roughly $4 million in inflows on the day, following their first daily outflow in three weeks. Cumulative inflows into XRP ETFs now stand at around $1.5 billion. The broader crypto market sentiment deteriorated sharply, with the Fear & Greed Index falling into extreme fear territory as traders reacted to macro uncertainty.
For crypto traders, the liquidation cascade highlights the fragility of leveraged positions in thin liquidity conditions. The sharp move lower and subsequent bounce near $1.09 suggest a potential short-term floor, but sustained recovery will depend on broader risk appetite. Traders can monitor real-time XRP pricing and liquidation data on NowPrice's crypto page to gauge market depth and order book dynamics.
Looking ahead, attention turns to whether XRP can reclaim the $1.20 level, which previously acted as support. A failure to hold $1.10 could open the door to further downside toward the $1.00 psychological level. On the macro front, upcoming US economic data and Federal Reserve commentary will influence risk sentiment across digital assets.