XRP has plunged over 25% in the last 24 hours, briefly hitting $1.60 before bouncing back to $1.70 — a 13% recovery in just five hours. Still, the token is struggling to stay below the $1.80 resistance, and all eyes are on whether it can reclaim the $2 mark or slip further below $1.50.
XRP faces bearish pressure amid $70M in liquidations.
The broader crypto market hasn’t helped, shedding nearly 10% to a total value of $2.4 trillion. It now sits with a 14% weekly loss and a 25% drop over the past month — down over 35% from its January peak of $3.40.
Adding to the pressure, analysts are warning of a bearish “inverse cup and handle” pattern forming on the charts, a classic sign of more downside. Whale support appears to be weakening as well.
In just one day, nearly $70 million in XRP positions were liquidated — with $58 million in longs and $11.4 million in shorts wiped out.
With market sentiment shaky, XRP’s path forward remains uncertain — and a deeper correction can’t be ruled out.
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