$XRP — Long liquidation retests a critical support zone.

Long $XRP

Entry: 1.02 – 1.04

SL: 0.99

TP1: 1.06

TP2: 1.10

TP3: 1.15

A significant $28.50K long liquidation just hit XRP at $1.03, forcing leveraged bulls out of the market and triggering a fresh liquidity sweep. The move confirms that excess leverage continues to be flushed from the system, increasing short-term volatility.

This follows multiple recent liquidation events in XRP, indicating that the market remains in an active deleveraging phase. Liquidation-driven selloffs often remove weak hands, reduce speculative positioning, and help establish a healthier market structure before the next sustained directional move.

If XRP holds the 1.02–1.04 support zone and reclaims 1.06 resistance, momentum could quickly shift back toward the bulls. A successful defense of support would indicate buyers are absorbing liquidation-driven selling and rebuilding market strength.

With leverage continuing to normalize and selling pressure beginning to stabilize, the setup remains favorable for a rebound. The current support zone will be decisive in determining whether XRP completes its deleveraging phase and transitions into a stronger bullish recovery.