XRP Drops 8% as $105M in Longs Liquidated Amid ETF Uncertainty and Corporate News

XRP posted steep losses between July 24 and 25, falling 8% as traders navigated a volatile session marked by heavy liquidations, regulatory uncertainty, and profit-taking—even as new corporate adoption stories emerged.

The token fluctuated within a $0.30 range, dipping from a session high of $3.26 to a low of $2.96 before closing at $3.08. The price action followed an early rally that lost momentum near key resistance, triggering a wave of selling and more than $105 million in liquidations of leveraged long positions, according to Coinglass.

Despite the sharp pullback, XRP found footing above the $3.06–$3.10 support zone, bouncing multiple times off that level. The final hours of the session saw a brief breakdown to $3.05 on a volume spike, but the price rebounded swiftly—offering a potential short-term reversal signal.

ETF Uncertainty Meets Corporate Adoption

While investor sentiment was rattled by concerns over delays in ETF approvals, XRP also saw headlines that underscored its expanding use cases:

• Nature’s Miracle announced plans to allocate $20 million in XRP as part of its corporate treasury strategy.
• Brazil’s VERT rolled out a $130 million blockchain infrastructure project using the XRP Ledger.

These developments, however, did little to offset the broader selling pressure driven by institutional risk reduction and derivatives unwinding.

Market Context and Technical Outlook

• Daily range: $2.96 low to $3.26 high, a 7.85% swing.
• Resistance zone: Rejection near $3.24–$3.26 following a brief intraday rally.
• Support zone: Strong buying interest re-emerged at $3.06–$3.10.
• Volume: Over 175 million XRP traded, more than double the daily average.

The CoinDesk 80 index, which tracks major digital assets, dropped 2.6% to 898 points, reflecting broader market weakness. Meanwhile, Wall Street’s Dow Jones Index fell 0.70%, stalling near its December–January highs—adding to risk-off sentiment in crypto markets.

What Traders Are Watching

• XRP’s ability to hold the $3.06–$3.10 support range.
• Regulatory clarity on XRP ETF filings and broader crypto policy in the U.S.
• Institutional flows and signs of retail reentry above $3.15.
• Continuation or relief following large-scale liquidations across the crypto market.