.png){kind=logo}
On July 24, 2025, XRP decreased by 19%, going from a recent 8-year high of $3.66 to an intraday low of $2.95. This rapid price decline triggered more than $113 million in trading liquidations, predominantly from long positions, as traders were being margin called during a period of volatility.
There was more turbulence in the broader cryptocurrency market, with over $1 billion in liquidations of significant assets, which highlighted the systemic risk and risks associated with leveraged trading in corrective markets.
The price drop was primarily driven by XRP’s overbought conditions, following a rapid 92% surge in just 20 days. The Relative Strength Index (RSI) reached a peak of 88 before retreating to 56, signaling a normalization of momentum.
Technical indicators suggest that the $3 price level, aligned with the 100-period simple moving average (SMA), is a crucial support level. If this token fails to maintain this level, it could test the 200-period SMA near $2.60.
A sudden market correction wiped billions from the crypto market cap, affecting even top-performing coins. However, analysts believe that holding the $3 level could offer a buying opportunity, particularly for traders seeking discounted entry points.
Also Read: Here’s Why XRP May Surge to $15
Despite the significant price drop, market observers have largely called the correction a 'healthy pullback' rather than a complete bearish reversal. Many analysts argue that price corrections are natural in the crypto market following rapid price gains.
XRPunkie, a well-known market commentator, remains optimistic about this cryptocurrency’s long-term future, with a price target of $10 to $15 still in sight. Crypto strategist Dom, however, takes a more cautious approach, suggesting a possible price peak between $7 and $10, depending on the token’s dominance within the altcoin sector.
Bitpanda’s deputy CEO, Lukas Enzersdorfer-Konrad, also expressed confidence in XRP’s recovery, highlighting robust liquidity and growing investor confidence. He believes these factors could drive this token beyond its previous all-time highs.
The $113 million in XRP liquidations was part of a broader market trend, where over $968 million in total liquidations occurred. This significant liquidation event highlights the risks associated with leveraged trading, which can lead to exacerbated price swings.
Bold XRP predictions suggest both long-term growth potential and caution amid short-term instability. Some experts argue that such large liquidations signal a potential market bottom, clearing over-leveraged positions and paving the way for a price rebound.
XRP’s 19% decline reflects the inherent volatility of the cryptocurrency market, particularly following rapid price gains. While the liquidations were disruptive, they are seen as a regular part of the market cycle.
Analysts remain optimistic about XRP’s long-term prospects, with many projecting future price growth. The key for this token in the short term is maintaining support at key technical levels, with opportunities for strategic accumulation during the correction.
Traders and investors are advised to closely monitor market conditions, as the current pullback may present a buying opportunity before the next bullish phase.
