Overview

• XRP stabilized near $2.86–$2.90 after a breakdown from $2.99, with the $2.85–$2.87 band flagged as key support and $3.00–$3.10 as immediate resistance.
• Roughly $500 million to $606 million in marketwide long liquidations hit during the sell-off, with a volume surge to about seven times the daily average reinforcing the drop.
• Derivatives activity stayed elevated as futures open interest rose to about $9.25 billion, while Binance custody reserves increased roughly 19% over the week.
• Technical momentum has weakened versus bitcoin’s new highs, and analyst Peter Brandt warns a close below $2.68 could trigger a slide toward the $2.20 area as BNB overtakes XRP by market value.
• Some analysts see a reversal if price reclaims roughly $3.00–$3.10, with projections near $3.9–$4 characterized as contingent on a confirmed breakout and improving momentum.