XRP Crashes Toward $1.30 as $300M in Bullish Bets Vanish Overnight

XRP fell toward $1.30 after a failed breakout near $1.39. Over $300 million in long liquidations intensified selling pressure. Bears target $1.26 support as momentum indicators remain weak. XRP has lost momentum at a critical moment. After attempting a move toward $1.40 earlier this week, sellers stepped in and quickly reversed the rally. The decline accelerated as liquidations spread across the futures market, wiping out hundreds of millions in bullish positions. Growing technical weakness, mixed sentiment, and uncertainty surrounding the XRP Ledger have now placed the $1.30 area under intense scrutiny as traders search for the next direction.

Source: CryptoNewsLand