XRP Longs Get Wiped: Binance Leads $5M Liquidation Wave
XRP is attempting to reclaim the $2 mark after a sharp breakdown that briefly dragged the price toward the $1.85 level. While bulls are trying to stabilize the move, the broader market remains under pressure as macroeconomic uncertainty rises and analysts continue to warn that crypto could be entering a deeper bear market phase. In this environment, volatility is being amplified by leverage, and XRP’s derivatives market has become a clear battleground. From a market structure perspective, the trend remains pressured. Price continues to trade under the major moving averages, with the faster average rolling over and acting as dynamic resistance. The mid-term curve is also sloping downward, reinforcing the idea that rallies are still being sold rather than held. This aligns with a broader pattern of lower highs since the October peak. Suggesting that the market is still in a corrective phase.Related Reading
The wick structure and repeated failed pushes toward the $2.20–$2.40 region show sellers defending that supply zone aggressively. At the same time, buyers are taking action near $1.85, forming a visible demand floor that has held through recent volatility.
For bulls, reclaiming $2.10–$2.20 is the first step toward recovery. Otherwise, another breakdown toward $1.85 remains a valid risk.
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