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XRP bulls lose $70 million as Ripple-linked
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XRP bulls lose $70 million as Ripple-linked
XRP bulls lose $70 million as Ripple-linked token plunges 7%
6 min read
XRP bulls lose $70 million as Ripple-linked token plunges 7%
Traders are watching $1.74 as near-term support, with $1.79–$1.82 now the key resistance zone.
By Shaurya Malwa, CD Analytics
Jan 30, 2026, 5:31 a.m.
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What to know:
- XRP slid about 6.7 percent to trade near $1.75 as a bitcoin-led crypto selloff triggered heavy long liquidations rather than token-specific news.
- The breakdown below former support at $1.79 came on exceptional volume, flipping the $1.79–$1.82 zone into resistance and signaling institutional participation in the move.
- Traders now view $1.74–$1.75 as key short-term support, with a hold likely leading to consolidation and a break opening downside toward $1.72–$1.70.
XRP sold off sharply as broader crypto weakness triggered a wave of long liquidations, forcing price below a key support level before buyers tentatively stepped in near $1.74.
News Background
- XRP fell alongside a broader crypto selloff, with bitcoin-led weakness pressuring high-beta tokens.
- The move was driven by positioning rather than token-specific news, as leveraged longs were forced out once key support levels failed.
- Derivatives data showed more than $70 million in XRP futures liquidations, overwhelmingly from long positions, indicative of how crowded positioning amplified the downside once selling accelerated.
Price Action Summary
- XRP dropped about 6.7%, falling from $1.88 to $1.75
- Support near $1.79 failed during the selloff
- Volume surged sharply during the breakdown, signaling forced selling
- Price stabilized in a narrow $1.74–$1.76 range late in the session
Technical Analysis
- XRP broke decisively below $1.79, triggering a liquidation-driven cascade that pushed price to a session low near $1.74. The breakdown occurred on exceptional volume, confirming institutional participation rather than a low-liquidity slide.
- A modest rebound followed, but recovery attempts stalled below $1.76, and volume faded on the bounce — a sign stabilization, not reversal.
- Former support between $1.79 and $1.82 has now flipped into resistance, capping upside unless reclaimed with conviction.
What traders say is next?
- Traders see $1.74–$1.75 as the immediate line in the sand.
- If $1.74 holds, XRP may continue consolidating as liquidation pressure eases — but bulls need a reclaim of $1.79, and ultimately $1.82, to shift structure back toward neutral.
- If $1.74 breaks, downside risk opens toward $1.72 and $1.70, with momentum likely to build as remaining support gives way.
- For now, XRP remains liquidation-sensitive and tightly correlated to bitcoin, with technical levels — not headlines — dictating direction.
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Bitcoin is going nuts with biggest implied volatility spike since November
The spike shows traders rushing for protection, though implied volatility is not yet at extreme levels versus the past year.
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