Headline: XRP slips through a key level as selling pressure and liquidity concerns raise risk of a deeper pullback XRP weakened around a critical support zone on Friday, prompting traders to pare back risk and pushing the token into a notably wider intraday trading range. Market participants pointed to thinning liquidity and concentrated sell orders near previously reliable support levels as drivers of the move, increasing the odds of a more pronounced decline if buyers fail to reassert control. What happened - Selling intensified as XRP approached established support, turning what had been a relatively steady market into one with elevated volatility. - The token traded across a much wider intraday range than in recent sessions, reflecting active repositioning by traders and heavier order flow on the downside. - Liquidity conditions — the density of buy and sell orders at nearby price points — appeared to be a key factor, with lower liquidity amplifying moves as orders absorbed one another more quickly. Why it matters - When liquidity thins around key support, even modest selling can force prices through levels that previously held, triggering stop-losses and accelerating declines. - The combination of concentrated selling and a wider trading range suggests market participants are increasingly focused on risk reduction rather than accumulation, which can prolong or deepen corrective phases until demand returns. What traders will watch - Whether buyers can reclaim the breached support area and compress the intraday range, signaling a potential stabilization. - Volume and order-book depth around nearby levels — a return of sustainable buying interest would be needed to counteract the selling pressure. - Broader crypto market direction and macro drivers that could either exacerbate or alleviate liquidity strains. Bottom line XRP’s slip through a critical level has highlighted fragile liquidity and a heightened appetite for risk reduction among traders. Unless buyers step in and reestablish support, the token faces an increased probability of a deeper pullback in the near term. Read more AI-generated news on: undefined/news

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