- XRP fell 7% in the past 24 hours, dropping to a low of $2.90 amid a broader crypto sell-off.
- Panic selling pushed 24-hour trading volume up 28% to $8.2 billion.
- Technical indicators for XRP suggest the possibility of further downside.
Ripple’s XRP has emerged as one of the largest losers among major cryptocurrencies as the market confronts a fresh wave of turbulence.
Amid the broader crypto slump, XRP lost 7% over the past 24 hours, dipping to a low of $2.90.
This move below the $3.00 mark came alongside a renewed pullback in Bitcoin — which fell below $115k after another round of profit-taking — while Ethereum, Solana and BNB also trimmed gains.
Macroeconomic headwinds and increased selling from large holders have raised the likelihood of heightened market volatility, a bearish development for many altcoins.
The question now is whether XRP’s underlying strength will allow bulls to regroup at support and resume the uptrend toward new highs.
XRP price — Bulls fail to hold $3.00 amid crypto downturn
Over the past 24 hours, XRP traded between a high of $3.18 and a low of $2.90 on major exchanges.
While the 7% drop mirrors losses across other top-ten cryptocurrencies, XRP slipping below the psychological $3.00 level is notable.
One-day trading volume climbed roughly 28% to more than $8.2 billion, reflecting the intensity of panic-driven selling observed during the recent move.
As noted above, XRP’s decline coincided with a pronounced dip in Bitcoin toward lows around $114k.
In recent weeks, increased liquidation from long-dormant wallets combined with broader macro pressure has disrupted bullish strategies.
According to Coinglass data, these declines pushed total crypto market liquidations up about 79% in 24 hours, exceeding $758 million.
Ethereum saw over $229 million in leveraged positions liquidated, while Bitcoin accounted for roughly $179 million in forced exits.
XRP liquidations amounted to about $41 million, with most long positions totaling just over $40 million wiped out.
The spike in liquidations has eroded bullish sentiment and could embolden bears to target lower levels.
Open interest also fell by about 10% to $7.77 billion, indicating a reduction in speculative activity.
Ripple price outlook
Technicals suggest XRP has revisited a key support area, as illustrated in the chart below.
On the daily chart, the relative strength index (RSI) has retreated from overbought territory to around 48, a decline that points to persistent bearish momentum.
Additionally, the moving average convergence divergence (MACD) shows a bearish crossover.
Histogram bars forming below the zero line indicate weakening momentum as bearish pressure builds.
Should XRP drop below $2.73, bears could accelerate the sell-off toward the psychological support near $2.00.
Conversely, a recovery back above $3.00 would signal renewed momentum, potentially setting bulls’ sights on $3.55 and then $4.00 as the next targets.