Markets Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail XRP slides 7% as rapid selling breaks major Markets Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail XRP slides 7% as rapid selling breaks major

XRP slides 7% as rapid selling breaks major $1.79 support

Author: Coindesk

Source: Coindesk

2026/01/31 23:48

3 min read

Markets

Share this article

Copy linkX (Twitter)LinkedInFacebookEmail

XRP slides 7% as rapid selling breaks major $1.79 support

Traders are watching $1.74 as near-term support, with $1.79–$1.82 now the key resistance zone.

By Shaurya Malwa

Jan 31, 2026, 3:48 p.m.

Make us preferred on Google

(CoinDesk Data)

What to know:

XRP slid about 6.7 percent to trade near $1.75 as a bitcoin-led crypto sell-off triggered heavy long liquidations rather than token-specific news.
More than $70 million in XRP futures, mostly long positions, were liquidated as price broke decisively below the $1.79 support on exceptional volume.
Traders now view $1.74–$1.75 as key near-term support, with a reclaim of $1.79–$1.82 needed to neutralize downside risk and a break of $1.74 opening room toward $1.72 and $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, suggestive 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.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

Tags:

#Futures #Liquidation