XRP Price Drops as Liquidations Surge and Macro Pressure Builds

• XRP price slides toward key support as bearish momentum strengthens
• Crypto market liquidations exceed $450 million in the past 24 hours
• Macro tensions and rising oil prices add pressure to risk asset

The XRP price moved lower on Thursday as growing liquidation pressure and rising macroeconomic risks weighed on the broader cryptocurrency market.

The token slipped toward critical support levels after failing to hold recent highs.

Market data shows bearish momentum intensifying as leveraged positions unwind across major crypto assets.

XRP Price Downtrend Strengthens

XRP was trading near $1.33 during early trading hours, marking a decline of just over 3% in the past 24 hours.

The asset reached an intraday high of approximately $1.38 before drifting lower toward a session low near $1.32.

Technical charts show a steady pattern of lower highs and lower lows, indicating a sustained downtrend following a rejection near $1.46.

Recent trading activity suggests sellers remain in control as short term recovery attempts struggle to gain traction.

Trading volume also expanded during the latest downward moves, reinforcing the strength of the selling pressure.

Liquidations Add Fuel to the Sell-Off

Data from derivatives analytics platform Coinglass shows significant liquidation activity across crypto markets.

Over the past 24 hours, total liquidations reached approximately $450 million, largely driven by long positions.

Within XRP specifically, liquidations totaled around $7.7 million.

Long positions accounted for more than $7.1 million of that figure, while short liquidations were below $600,000.

This imbalance suggests that bullish traders were forced out of leveraged positions as prices moved lower.

The cascading effect of these liquidations amplified downward momentum across the market.

Macro Risks Increase Pressure on Crypto

The broader market environment has also contributed to weakness in digital assets.

Escalating geopolitical tensions between the United States and Iran have increased uncertainty in global markets.

Oil prices surged amid concerns over potential supply disruptions in the Strait of Hormuz, pushing Brent crude above $111 per barrel.

The situation has intensified fears of rising inflation and economic slowdown.

Larry Fink, CEO of BlackRock, recently warned that oil prices climbing toward $150 per barrel could trigger a global recession.

Such macro pressures often weigh on risk assets, including cryptocurrencies.

Technical Indicators Point to Weak Momentum

Technical indicators currently reflect bearish conditions for XRP.

The Relative Strength Index (RSI) is near 32, approaching oversold territory but still indicating downward momentum.

The Moving Average Convergence Divergence (MACD) also remains negative, suggesting persistent bearish pressure.

Meanwhile, XRP continues trading below key short term moving averages.

The 14 period and 21 period simple moving averages, located around $1.37 and $1.38, now form a strong resistance zone.

Bollinger Bands show the price pressing near the lower band around $1.32, indicating the asset is testing the lower boundary of its volatility range.

Key Levels to Watch

Short term support currently sits near $1.326, where the price is attempting to stabilize.

If that level fails to hold, analysts say further downside could follow as bearish momentum remains dominant.

On the upside, XRP would need to reclaim the $1.37–$1.38 range to signal potential stabilization.

A sustained move above that zone could indicate a shift toward short term recovery.

The latest XRP price decline highlights growing pressure across the crypto market as macro risks and liquidation cascades intensify.

While the token remains near an important support level, technical indicators continue to favor the downside.

Market participants will be watching whether XRP can stabilize above support or if broader risk off sentiment pushes prices even lower.