XRP volume spikes as price extends slide

TLDR

XRP (XRP) is seeing a surge in trading activity while its price continues to drift lower under heavy selling pressure.

1. XRP has fallen roughly low double digits over the week while 24h volume recently doubled to more than $5 billion during a sharp market-wide selloff.
2. The move is being driven mainly by leveraged long liquidations, large ETF outflows, and whale selling rather than fresh organic spot demand.
3. Key levels around $1.74 support and $1.79$1.82 resistance, plus upcoming macro data and ETF flows, will likely decide whether this turns into consolidation or a deeper leg down.

Deep Dive

1. Scale Of Price And Volume Move

Recent reports show XRP dropping from about $1.88 to near $1.75 in a single session, a slide of roughly 67%, with trading volume surging sharply during the breakdown as support near $1.79 failed. One analysis cites more than $70 million in XRP futures liquidations, mostly from longs, as price fell into a tight $1.74$1.76 range on exceptional volume, indicating forced selling rather than thin liquidity.

Another review notes 24h spot volume jumping 100% to about $5.73 billion alongside a daily drop of over 7% and a weekly loss near 9% as the broader crypto market sold off, framing XRPs move as part of a wider risk-off episode. CoinsKid data now shows XRP around $1.7, with 24h volume still high at about 4.07 B and a 7d change of -11.11%, so the price slide is ongoing even as the peak volume spike cools.

2. Positioning, ETFs And Whales

Derivatives data points to a crowded long side being flushed. One report describes an 11,348% liquidation imbalance, with about $71 million in XRP longs wiped out in 24 hours and very little short liquidations, after price broke key support and cleared shallow bids. Another notes sharply rising open interest and leverage, with high-risk long clusters around $1.85 that can be repeatedly liquidated if support fails again.

Institutional flows are also leaning negative. An XRP ETF just logged its largest single-day outflow of about $92.92 million, during a session where XRP fell roughly 6% and volume jumped over 60%, highlighting that big money used the liquidity spike to exit rather than add. At the same time, on-chain data shows large whale wallets selling around $800 million of XRP, even as the number of millionaire wallets inches higher, suggesting rotation within the large-holder base.

3. Key Levels And What To Watch

Technically, former support in the $1.79$1.82 area has flipped into resistance after the breakdown, and several analysts flag the $1.74$1.75 zone as short-term support, with lower levels around $1.72$1.70 and even $1.61 as next downside targets if selling resumes. Short-term rebounds have so far stalled below resistance with fading volume, which aligns more with stabilization than a confirmed reversal.

Macro risk is an added overhang. Articles tie the selloff to uncertainty around US inflation data, potential government shutdowns, and a risk-off shift ahead of key Federal Reserve meetings, which has hit altcoins alongside Bitcoin. On the constructive side, the XRP Ledger is still seeing signs of fundamental growth, such as a recent spike of over 3,200 new accounts, but that signal is being overshadowed in the near term by leverage and macro.

Conclusion

XRPs volume spike alongside a falling price is primarily a story of crowded longs, ETF outflows, and macro-driven risk-off sentiment, not a sudden wave of fresh demand. If derivatives positioning and institutional flows normalize while key support zones hold, this phase could evolve into consolidation rather than a deeper drawdown, but continued heavy liquidations or renewed ETF outflows would tilt the balance toward further downside.