$XRP is trading at around $1.90: the daily volume has increased by about 10% to $3.27 billion, but the price is still under pressure — down for the day and more than 11% for the week. Over the last 24 hours, the market has seen nearly $862 million in liquidations, with the majority coming from longs, indicating a continued offloading of overheated positions.

According to on-chain metrics, the $2 level remains a key psychological resistance: past attempts to hold above it have led to profit-taking by long-term holders. Short-term participants are currently in profit, while holders with a horizon of 6–12 months are still underwater — this could intensify pressure during further dips.

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