XRP Rebounds After 41% Crash, Closes Above $2.47

XRP experienced significant volatility, recovering from a 41% drop to close above $2.47 after institutional interest increased post-panic liquidations.

Key Points

XRP dropped from $2.77 to $1.64 within a 24-hour period, then rebounded to $2.49.
Over $150 million in XRP futures were liquidated due to macroeconomic shifts, notably Trump's tariff announcement.
Trading volume peaked at 817 million, nearly triple the average, with volatility reaching 41%.
Institutional accumulation occurred between $2.34 and $2.45 as large holders re-entered the market.
Resistance is at $3.05, with potential further gains to $3.65–$4.00 if momentum continues.

Background

The introduction of new U.S.–China tariffs led to forced selling across risk assets, causing XRP's price to fall sharply before stabilizing. Derivatives data indicated significant capitulation, with a notable decrease in open interest and long liquidations surpassing shorts significantly.

Price Action

The most substantial decline occurred between 19:00-21:00 UTC, where XRP lost $1.08 on high volume.
A rebound established a new base at $2.34, with prices climbing to $2.49 by the end of the session.
Market structure was reinforced at $2.47–$2.48, indicating stabilization.

Technical Analysis

Support is confirmed at $1.64; accumulation noted between $2.40–$2.45.
Resistance remains at $3.05 for a breakout signal.
Volume far exceeded the 30-day average, indicative of a capitulation event.
Bullish recovery signs are emerging, with improving momentum indicators.

Traders' Focus

Confirmation of $2.47 as support during weekend trading sessions in Asia.
Continued institutional buying following the liquidation phase.
Impact of ETF-related flows, particularly after the launch of the 21Shares TDOG.
Potential technical breakout above $2.90–$3.00 for higher targets.
Monitoring macro-risk narratives, especially regarding tariff impacts and crypto market correlations.