- XRP dropped 7% as $77 million in long positions were liquidated.
- Technicals show double-top, weak RSI, and bearish MACD crossovers.
- Long-term optimism remains tied to ETF filings and altcoin season.
XRP slipped hard in the last 24 hours, falling more than 7% and retesting the $2.73 psychological support zone. The pullback erased midterm bullish hopes that had carried the token through most of 2025 and has put traders on alert for a deeper retracement.
Despite starting the year strong on regulatory clarity and institutional inflows, XRP now looks vulnerable to a potential long squeeze as market sentiment flips risk-off.
Why Is XRP Price Down Today?
The sell-off came as liquidation pressure surged across the broader market. More than $77 million in XRP longs were wiped out, leaving the altcoin exposed to further downside momentum.
The XRP/USD pair has been forming a bearish outlook after its bullish momentum was rejected twice around $3.13. Crypto analyst Ali Martinez has noted that the XRP price may find a support level around $2.78.
Related: Bill Morgan Says Ripple Case Excuse Is Over; XRP Must Prove Adoption
Risk Rotation Into Gold
The XRP pullback is part of a wider macro rotation. Investors have been exiting crypto for Gold, which hit a fresh all-time high at $3,728 per ounce on Monday.
Over $1.7 billion in crypto long positions were liquidated in the same period, showing that institutions are cutting exposure to digital assets while doubling down on hard commodities. For XRP, that rotation amplifies volatility in what should have been a consolidation window.
What’s Next for Ripple Price?
In the midterm, XRP price faces further correction after struggling to maintain bullish momentum year to date.
In the weekly timeframe, the XRP/USD pair has formed a macro reversal pattern characterized by a potential double top coupled with falling divergence of the Relative Strength Index (RSI).
The midterm bearish sentiment for XRP was confirmed over the weekend after the weekly MACD line crossed below the signal line amid bearish histograms.
In the daily timeframe, XRP price is likely to retest the support range between $2.58 and $2.33 if the bulls fail to defend the $2.73 buy zone.
XRP Long-Term Outlook Still Bullish
The long-term XRP price outlook remains bullish bolstered by rising adoption by institutional investors and favorable regulations. For instance, several fund managers in the United States have filed to offer spot XRP ETFs after the official closure of the Ripple vs SEC lawsuit, which lasted for four years.
According to crypto analyst Benjamin Cowen, the highly anticipated altcoin season before the end of this year will likely kickstart in early November. As such, the XRP price is well-positioned to rally exponentially, potentially beyond $10, after it establishes a robust support level in the coming weeks.
Related: XRP’s ‘Hydraulic Pipe Effect’ Makes It the Altcoin to Watch in 2025 – Analyst
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Source: https://coinedition.com/xrp-loses-key-3-13-resistance-77m-long-liquidations-add-to-sell-pressure/