Yesterday I noticed that XRP experienced a pretty serious liquidation wave. The token plummeted from around $2.06 straight down to $1.90, breaking the key support at $2.05 — this was a classic case where trading volume suddenly spiked (335 million in an hour), and I realized it wasn’t just random; these were forced sales. After the initial dump, the price tried to bounce back and hovered in a narrow range between $1.93 and $1.94, but the recovery looks uncertain.

What’s interesting — while the rest of the crypto market showed signs of strength, this token clearly lagged behind. It seems traders were simply reallocating risk, and XRP was among the first to be sold off. A typical picture after a major liquidation: the price sharply recovers when forced sales stop, but everything afterward depends on whether new buyers appear.

Technically, the situation is this: support is now at $1.93, and if it breaks, then $1.91. But the main resistance is to get back above $2.05. If that can be achieved, the decline will look more like a repositioning of assets. If not — the market might interpret this as the start of a deeper downward trend. Volume was a key clue: the breakout was accompanied by a sharp spike, confirming that it was indeed a liquidation, not a regular sale.

By the way, there’s some positive news about the token — XRP is being integrated into the Rakuten payment app for 44 million users, allowing them to spend and earn through bonus points. This is a serious step toward real-world use. But for now, the market hasn’t felt this yet, focusing instead on the technical breakdown.

I’m watching now. If XRP holds $1.93 and climbs back above $1.95, we can expect a gradual move back toward $2.00. But the real test is at $2.05. A breakout above that would show that the correction was truly a repositioning, not a trend reversal.