XRP Price Analysis: Ripple Reverses 40% Losses After Its Worst Crash

XRP rebounded sharply after experiencing a 41% collapse, recovering to close above $2.47 as institutional bidding resumed following liquidations due to macroeconomic factors. The trading session saw a dramatic range of $1.14, shifting from $2.77 to $1.64, largely influenced by heavy futures liquidations amid broader market downturns triggered by U.S.-China tariff tensions. Over $150 million in XRP futures contracts were liquidated, significantly affecting market dynamics. During the rebound, institutional accumulation was noted in the $2.34-$2.45 range, with new resistance identified at $3.05. Increased trading volume, nearly triple the daily average, indicated heightened market activity and investor interest. Key support levels were established at $2.47, while potential upside projections range towards $3.65-$4.00 if bullish momentum persists. Analysts emphasized the importance of watching the $2.47 support level and institutional flow data amidst ongoing market volatility.

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