XRP Bears Dominate as Token Plummets Amid Crypto Selloff
By John Nada·Jan 30, 2026·2 min read
XRP plunged 6.7% amid a broader crypto selloff, triggering over $70 million in liquidations. Traders eye critical support at $1.74 for potential recovery.
XRP faced a significant downturn, sliding approximately 6.7% to trade near $1.75 as a broader crypto selloff, led by Bitcoin, triggered massive long liquidations. The breakdown below the key support level of $1.79 occurred with exceptional trading volume, indicating strong institutional involvement in the selloff. Traders are now closely monitoring $1.74 as short-term support; maintaining this level could lead to consolidation, while a break could push prices down toward $1.72 and $1.70.
The selloff was not driven by specific news related to XRP, but rather by a wave of liquidation as leveraged positions were forced out after key support levels failed. Data revealed over $70 million in XRP futures liquidations, predominantly from long positions, underscoring how crowded positioning exacerbated the downward pressure. Volume surged during the breakdown, signaling forced selling rather than a simple liquidity issue.
As the price stabilized in a narrow range of $1.74–$1.76 later in the session, traders observed that attempts at recovery stalled below $1.76, with diminishing volume on the bounce, a sign of stabilization rather than reversal. The former support zone between $1.79 and $1.82 has flipped to resistance, capping any potential upside unless reclaimed convincingly.
Looking ahead, traders see $1.74–$1.75 as the immediate critical level. If this support holds, XRP could continue to consolidate as liquidation pressure eases. However, bulls will need to reclaim $1.79, and ultimately $1.82, to shift the market structure back toward neutrality. Conversely, if $1.74 fails, the risk of further downside increases, with momentum likely to build as remaining support levels dissolve.
For now, XRP remains highly sensitive to liquidation pressure and closely correlated to Bitcoin's movements, with technical levels determining its direction rather than external headlines. As the crypto landscape continues to evolve, the response from traders to these technical signals will be crucial in shaping XRP's near-term trajectory.