🔥 $XRP cae at $3.18 after liquidations in XRP ETF and massive sale on Upbit
📊 Current price and clear technical structure
XRP is currently trading at $3.18, with an intraday range between $3.16 and $3.23. After a rally that reached $3.65, the price is correcting sharply, losing nearly 10% on the day. Immediate support is at $3.15–$3.17, a key point to avoid further downward continuation.
⚙️ Key factors
Sale of approximately 75M XRP on the Upbit exchange generated severe technical pressure
Over $89M in long positions were liquidated, mainly on South Korean exchanges
Entry of a leveraged position of $16.62M via Hyperliquid, which inflated volatility amid the drop (~$3.20)
Trading volume fell approximately 49% post-rally, indicating a pause after the previous institutional momentum
🔧 Technical level of the day
📌 Support: $3.15–$3.18
📌 Resistance: $3.23–$3.25
🎯 Critical zone: Rebounding above $3.18 would validate recovery towards $3.40–$3.50; falling below $3.15 would increase the risk of testing $3.00 or lower.
🌐 Institutional outlook / macro view
Despite the technical pullback, XRP remains a key asset in tokenization and payment infrastructure. Rumors about ETF approval and regulatory transparency keep the narrative alive, although the current momentum suggests a consolidation or technical correction before resuming the upward trend.
Do you think $3.18 is an entry point, or would you prefer to wait for confirmation above $3.25?👇
🔔 Follow us for daily analysis and real-time alerts:
