Overview

• Price briefly fell to about $1.64 before recovering into the low $2s and closing near $2.47–$2.49, with intraday volatility exceeding 40%.
• Derivatives stress was acute, with long liquidations far outpacing shorts and institutional futures open interest dropping by roughly $150 million.
• Spot and on‑chain signals diverged as trackers tallied about 320 million XRP moving to exchanges and roughly $50 million in daily whale outflows, while some very large wallets increased holdings after the drop.
• Turnover spiked to capitulation levels, with trading volumes rising about 164% above the 30‑day average as late‑session bids stabilized price around the $2.30–$2.50 support zone.
• Analysts cite new U.S.–China tariffs as the macro trigger for cross‑asset deleveraging, and they flag resistance around $2.84–$3.05 as key levels pending ETF decisions and open‑interest rebuilds.