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    XRP Price Drops 7% After Breaking Key $1.79 Support Level

    2 Mins Read Altcoin news

    XRP extended losses during a broader crypto market sell-off, sliding nearly 7% as heavy selling pressure forced the token below a major technical support zone. The decline was driven by market-wide positioning shifts rather than XRP-specific developments, with derivatives liquidations amplifying downside momentum.

    XRP fell from the $1.88 area to around $1.75 as weakness in Bitcoin spilled over into high-beta altcoins. Once price broke decisively below the $1.79 support level, leveraged long positions were rapidly unwound. Data from derivatives markets showed more than $70 million in XRP futures liquidations, the vast majority tied to long exposure.

    Technical Levels Traders Are Watching

    From a technical perspective, the $1.74–$1.75 zone is now viewed as critical near-term support. As long as this area holds, XRP may consolidate as liquidation pressure fades. However, former support between $1.79 and $1.82 has flipped into resistance, and bulls will need a strong reclaim of that range to neutralize downside risk.

    If $1.74 fails, traders warn that XRP could slide toward $1.72 and potentially $1.70. For now, price action remains tightly correlated with Bitcoin, with technical levels — not headlines — guiding short-term direction.

    Disclaimer

    This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.

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