$XRP experienced a heavy long liquidation around $1.3526, indicating a sharp downside sweep that cleared overleveraged bullish positioning. This move pushed price directly into a key support region near $1.32–$1.34 where demand must step in to prevent further downside. Holding above this zone keeps recovery scenarios active with immediate resistance near $1.40–$1.43, followed by a higher target around $1.50 where liquidity previously concentrated. Long liquidation events like this often reset momentum and allow cleaner rebounds once panic selling exhausts. A breakdown below $1.32 would weaken the setup and open room toward $1.24. Bias leans cautiously constructive if support holds. $XRP

XRP
XRPUSDT
1.4125
+2.34%

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