“Traders are watching $1.74 as near-term support, with $1.79–$1.82 now the key resistance zone.”, — write: www.coindesk.com
XRP slides 7% as rapid selling breaks major $1.79 supportTraders are watching $1.74 as near-term support, with $1.79–$1.82 now the key resistance zone. Jan 31, 2026, 3:48 pm
(CoinDesk Data)
What to know:
- XRP slid about 6.7 percent to trade near $1.75 as a bitcoin-led crypto sell-off triggered heavy long liquidations rather than token-specific news.
- More than $70 million in XRP futures, mostly long positions, were liquidated as the price broke decisively below the $1.79 support on exceptional volume.
- Traders now view $1.74–$1.75 as key near-term support, with a reclaim of $1.79–$1.82 needed to neutralize downside risk and a break of $1.74 opening room toward $1.72 and $1.70.
XRP sold off sharply as broader crypto weakness triggered a wave of long liquidations, forcing the price below a key support level before buyers tentatively stepped in near $1.74.
News Background
- XRP fell alongside a broader crypto selloff, with bitcoin-led weakness pressuring high-beta tokens.
- The move was driven by positioning rather than token-specific news, as leveraged longs were forced out once key support levels failed.
- Derivatives data showed more than $70 million in XRP futures liquidations, overwhelmingly from long positions, suggestive of how crowded positioning amplified the downside once selling accelerated.
Price Action Summary
- XRP dropped about 6.7%, falling from $1.88 to $1.75
- Support near $1.79 failed during the selloff
- Volume surged sharply during the breakdown, signaling forced selling
- Price stabilized in a narrow $1.74–$1.76 range late in the session
Technical Analysis
- XRP broke decisively below $1.79, triggering a liquidation-driven cascade that pushed the price to a session low near $1.74.
- The breakdown occurred on exceptional volume, confirming institutional participation rather than a low-liquidity slide.
- A modest rebound followed, but recovery attempts stalled below $1.76, and volume faded on the bounce — a sign of stabilization, not reversal.
- Former support between $1.79 and $1.82 has now flipped into resistance, capping upside unless reclaimed with conviction.
What traders say is next?
- Traders see $1.74–$1.75 as the immediate line in the sand.
- If $1.74 holds, XRP may continue consolidating as liquidation pressure eases — but bulls need a reclaim of $1.79, and ultimately $1.82, to shift structure back toward neutral.
- If $1.74 breaks, downside risk opens towards $1.72 and $1.70, with momentum likely to build as remaining support gives way.
- For now, XRP remains liquidation-sensitive and tightly correlated to bitcoin, with technical levels — not headlines — dictating direction.