Overview

• XRP slid to an intraday low of $1.64 before stabilizing near $2.35–$2.40 on late-session buying that cleared more than 12 million in the final 15 minutes.
• Roughly $150 million was erased from futures open interest as long liquidations reached about $21 million compared with $2 million in shorts.
• Trading volumes jumped around 164% above the 30‑day average during the selloff, in a broader crypto deleveraging that wiped out roughly $16 billion in leveraged longs.
• On-chain flows signaled distribution pressure, with about 320 million XRP sent to exchanges over the past week and a market‑data tweet citing a 30‑day whale outflow pace near $50 million per day.
• Near‑term technicals turned bearish after a break of a 75‑day triangle, with support around $2.30–$2.35 and resistance near $2.84–$2.90 as traders watch for an open‑interest rebuild.