XRP Tanks After Liquidations– Can It Recuperate and Reach $2.3?
XRP lost $22M after liquidations, but losses stayed lower than broader market decline. Bullish updates from Circle and Spear Digital helped stabilize XRP regardless of market chaos. Bearish sentiment lingers as Alternatives market shows increased hedging ahead of the FOMC meeting. A $22 million loss can rattle even the greatest hands. However Ripple’s XRP hardly flinched. While other leading altcoins like ETH and SOL saw 8% losses, XRP held company with just 4%. Behind the scenes, something effective stirred. A treasury announcement. An energy turning point. And a consistent however peaceful wave of demand. These signals hint at a deeper strength. Can XRP still hit $2.3, or will it slip lower first? Read more
$22 Million Gone, Yet Bulls Hold the Line
Thursday’s bloodbath swept through crypto like a flash flood. Middle East tensions triggered panic. Liquidations reached $1.16 billion throughout the board. XRP alone saw $22 million in losses, with leveraged longs losing $20 million. In spite of the hit, XRP’s reaction was surprisingly calm. In fact, it held up much better than a lot of. That stability wasn’t unintentional. Behind it stood two bullish catalysts that might have kept the flooring from falling out. First, Circle’s USDC signed up with the XRP Journal. This relocation strengthened XRP’s real-world energy, specifically for payments. Then came the bombshell: Nasdaq-listed Spear Digital Tech launched an XRP treasury plan. The firm pledged to get $500 million worth of XRP. That put the token together with BTC, ETH, and SOL as a serious business asset.
XRP’s Fate: Between $1.8 and $2.3
These updates couldn’t stop the dip but assisted soften the fall. At the exact same time, Options volume surged 225% to nearly $4 billion. That showed big players weren’t leaving– they were hedging and waiting. On the charts, XRP dances on a razor’s edge. Cost hugged the 200-day SMA, a crucial assistance line. Listed below that sits $1.9, then $1.8, as next crucial levels. Should bulls lose steam and market panic return, those lower zones may come quickly. On the flip side, $2.3 still stands as reachable resistance. XRP might rise to retest that level if broader belief shifts or global tensions ease. In the meantime, though, caution guidelines the Options market. The 25 Delta Danger Turnaround flipped negative for end-June expiry. This reveals more traders are buying puts than calls. Simply put, they fear more downside before a rebound. Uncertainty still looms. The FOMC meeting next week could shake things up again. And nobody knows how the Middle East scenario might progress. With growing real-world adoption and business interest, XRP holds long-lasting strength. Bulls might bleed now, but the fire hasn’t headed out. $2.3 may not be so far after all if self-confidence returns.
