XRP hit by liquidation cascade as price slips below $2

Source: CryptoNewsNet Original Title: XRP hit by liquidation cascade as price slips below $2 Original Link: XRP fell to $1.95 after a fast liquidation flush punched through the $2.05 floor, forcing a reset in leveraged positioning. Price bounced off the $1.91 area but the recovery looked tentative, with XRP also lagging the broader crypto complex.

News background

The move came as traders continued rotating risk across majors, with pockets of strength elsewhere in crypto failing to translate into XRP bid. The key story in this session wasn’t a new headline — it was positioning: once $2.05 gave way, the market quickly cleared out forced sellers, and then struggled to rebuild momentum on the bounce.

That “flush-then-stall” behavior is typical after a heavy liquidation event: price snaps back when the forced selling ends, but follow-through depends on whether fresh buyers step in or whether the rebound is met by trapped sellers trying to exit.

Technical analysis

XRP broke down from the prior holding range around $2.05–$2.06 and slid as low as $1.906 in the initial flush. The bounce that followed got XRP back into the $1.93–$1.95 area, but it never reclaimed the level that mattered most: $2.05, which now flips from support into resistance.

Volume was the tell. The breakdown printed an extreme spike (335M on the hour in your data), which is consistent with forced activity rather than normal “selling into strength.” After the washout, trading tightened into a narrow band around $1.93–$1.94, a sign the market was stabilizing — but also a sign it was waiting for a new push.