XRP bulls lose $70 million as Ripple-linked token plunges 7%

Traders are watching $1.74 as near-term support, with $1.79–$1.82 now the key resistance zone. What to know : XRP slid about 6.7 percent to trade near $1.75 as a bitcoin-led crypto selloff triggered heavy long liquidations rather than token-specific news. The breakdown below former support at $1.79 came on exceptional volume, flipping the $1.79–$1.82 zone into resistance and signaling institutional participation in the move. Traders now view $1.74–$1.75 as key short-term support, with a hold likely leading to consolidation and a break opening downside toward $1.72–$1.70.(Coindesk)