- XRP dropped 10% during a broader crypto sell-off, with $89 million in liquidations—but analysts say it’s a normal correction.
- Technical setups like the Cup & Handle suggest a move above $7 is still possible, with long-term targets of $10–$30 being floated.
- Corporate adoption continues, with companies like Nature’s Miracle and VERT backing XRP despite market volatility.
The crypto markets took a hit today. Global cap slid about 6%, now sitting around $3.92 trillion. Bitcoin, surprisingly steady, is holding just above $118K, down less than 1%. But altcoins? Not so lucky. Ethereum’s down 6%, XRP dropped a hefty 10%, and coins like Solana, Doge, and Cardano all slipped between 7–10% over the past 24 hours. It’s one of those choppy days, you know?
XRP Liquidations Cross $89 Million—But Bulls Aren’t Panicking
So, yeah, traders felt the heat. Ether saw the biggest liquidation—$159 million gone in 24 hours. XRP followed with $89M in liquidations as the market flushed out leverage. Still, according to some analysts, this isn’t doom—it’s just a healthy breather.
XRPunkie, a well-known voice in the XRP crowd, pointed out that XRP had pumped 92% in just 20 days. It went from $1.95 to $3.66 like a rocket. So, a 10% drop? Honestly, kinda expected. He’s sticking to a bullish outlook and still sees $10–$15 as the next big targets. Even says $8 is the floor now, and $20 or even $30? Yeah, he’s not ruling that out either.
Could XRP Break Past $3.84?
Technically, XRP’s close to a major milestone. Its old high from 2018 sits at $3.84. With Bitcoin dominance slipping and altcoin inflows picking up, it might not be far off.
CrediBULL Crypto spotted a triple tap setup and says XRP is just cooling off after a run. Could be prepping for another leg up. Meanwhile, CryptoBull’s watching a Cup & Handle form on the charts—a pretty bullish pattern, if it holds. The target? Possibly $7 or more, based on the technicals.
Real-World Adoption Strengthens XRP’s Case
Beyond price charts and liquidations, XRP is quietly growing in the background. Nature’s Miracle just added $20 million worth of XRP to its treasury. That’s not a small bet—it’s a show of confidence, especially buying during a dip.
Also, over in Brazil, a company named VERT just launched a $130M blockchain project on the XRP Ledger. These kinds of corporate moves aren’t flashy, but they speak volumes. XRP’s not just another hype coin—it’s becoming part of real financial infrastructure.
