XRP-USD extended losses in late-session trading on Thursday, sliding toward the $1.35 level as a wave of leveraged position liquidations weighed on market sentiment, according to CoinDesk. The move has drawn attention to what traders are characterising as thinning support across the near-term price range.
Context
The decline comes amid broader crypto market softness, with elevated leverage across derivatives markets suggesting that positioning had become stretched ahead of the selloff. According to CoinDesk, the liquidation activity is being interpreted by some market participants as a sign that conviction among short-term holders may be waning.
Rising open interest alongside falling prices has historically been associated with increased directional volatility in crypto markets, though analysts note that market relationships are dynamic and may change over time. Both bullish and bearish narratives remain active: some traders see the $1.35 zone as a potential area of historical interest, while others point to the pace of late-session selling as evidence that downside pressure could persist if leveraged long positions continue to unwind.
Broader sentiment in digital asset markets has remained cautious, with macro uncertainty and risk-off conditions across equities potentially contributing to reduced appetite for higher-volatility assets, CoinDesk reported.
Key Data
- XRP-USD approaching the $1.35 level, according to CoinDesk
- Liquidation volumes have been observed increasing during the late-session period
- Rising leverage across derivatives markets noted ahead of the move
- $1.35 has historically functioned as a reference level for market participants monitoring price action — this is observational and does not imply a guaranteed reaction
- Downside risk is characterised as elevated given current market structure, though outcomes remain uncertain
Market Snapshot
| Asset | Level | Change | Source |
|---|---|---|---|
| XRP-USD | ~$1.35 | Declining | CoinDesk |
| Bitcoin (BTC-USD) | — | — | CoinDesk |
| EUR/USD | — | — | Reuters |
| S&P 500 Futures | — | — | Reuters |
| Gold (XAU/USD) | — | — | Reuters |
| US 10Y Yield | — | — | Reuters |
Live pricing data may be sourced via TradingView and Investing.com.
Events Ahead
The following upcoming events may influence XRP-USD and broader crypto market conditions. They are presented as catalysts to monitor, not as predictive indicators:
- US Macroeconomic Data Releases — Any significant shifts in risk sentiment driven by economic data may influence digital asset markets. Monitor via the Investing.com Economic Calendar
- Federal Reserve Communications — Any further guidance from Fed officials on monetary policy could affect risk appetite across asset classes. See the Federal Reserve Events Calendar
- Crypto Derivatives Expiry Dates — Scheduled options and futures expirations may contribute to short-term volatility in XRP and related assets. Check CME for regulated derivatives schedules
- Broader Digital Asset Market Flows — Continued monitoring of Bitcoin and Ethereum price action may provide context for altcoin positioning. Track via CoinDesk and CoinTelegraph
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