Overview
- Derivatives data show a concentrated long-liquidation event that reportedly wiped out more than 97% of XRP long positions and generated about $40.73 million in long liquidations during the June 25–26 sell-off.
- The sell-off pushed XRP to test the $1 psychological support level while the token remains inside a multi-month falling wedge that traders view as a compression pattern rather than a guaranteed reversal.
- Analysts say regaining the $1.10–$1.12 area would signal short-term stabilization, while a decisive break below $1 would likely shift focus to monthly support near $0.91.
- Low exchange reserves and heavy whale concentration have thinned available supply and order books, which makes large flows and forced liquidations capable of moving price sharply and quickly.
- Steady institutional spot ETF inflows since November 2025, totaling roughly $1.4–$1.45 billion, provide a structural bid but have so far not prevented fragile rallies or stopped leveraged losses for retail traders.