XRP clings to $1 as long liquidations deepen bearish trend
Ni Manish Chhetri
Na-update: 26 Jun 2026
Sikat na Artikulo
Ripple (XRP) trades near the key psychological support level of $1 at the time of writing on Friday after losing more than 8% so far this week. CoinGlass liquidation data shows that over 97% XRP long positions were wiped out over the past 24 hours.
- XRP nears the key $1 support level on Friday after falling over 8% so far this week.
- CoinGlass liquidation shows that 97.11% XRP long positions were wiped out in the last 24 hours.
- Derivatives metrics back bearish sentiment, with XRP’s short bets rising and negative funding rates.
Ripple (XRP) trades near the key psychological support level of $1 at the time of writing on Friday after losing more than 8% so far this week. CoinGlass liquidation data shows that over 97% XRP long positions were wiped out over the past 24 hours. In addition, derivatives metrics continue to favor the bears. The technical outlook suggests that XRP's next directional move depends on whether the key $1 support level holds.
Over 97% XRP longs liquidated
The broader crypto market remained under pressure so far this week, and Bitcoin (BTC) slipped to a fresh yearly low of $58,115 on Thursday. This move triggered a massive liquidation in the crypto market.
Meanwhile, XRP followed BTC’s lead and corrected, with the Coinglass liquidations chart below showing $44.42 million liquidations in leveraged positions, of which 97.11.5% were long positions, underscoring XRP’s overly bullish positioning.
Derivatives metrics continue to favor the bears
Derivatives metrics support a negative outlook for XRP. CoinGlass’ long-to-short ratio for XRP read 0.94 on Friday, nearing its lowest level in over a month. The ratio being below one indicates bearish sentiment, as traders are betting that the assets’ prices will fall.
In addition, the funding rate turned negative on Wednesday, reading -0.0042% on Friday, indicating that shorts are paying longs and suggesting bearish sentiment.
Some signs of optimism
SoSoValue data shows some signs of optimism. XRP spot Exchange Traded Funds (ETFs) recorded an inflow of $7.36 million up to Thursday so far this week. Unless Friday’s records a very significant outflow, XRP is about to mark the 8th week of steady inflows since May 8. If this inflow trend continues and intensifies, it could provide a cushion for XRP’s falling price.
XRP technical outlook: Will the $1 support hold?
XRP trades at $1.032 on Friday, down over 8% so far this week. XRP is maintaining a bearish bias as price remains below the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs) at $1.225, $1.328, and $1.541, respectively.
XRP also trades below the downward-trending parallel channel at $1.201, reinforcing overhead pressure. Momentum is weak, with the Relative Strength Index (RSI) hovering near 30, flirting with oversold territory. At the same time, the Moving Average Convergence Divergence (MACD) remains slightly negative, with the line below zero and the histogram contracting, suggesting persistent but not accelerating downside.
On the topside, initial resistance is seen near the channel area around $1.201, followed by the 50-day EMA at $1.225. Higher up, a horizontal barrier sits at $1.300, ahead of the 100-day EMA at $1.328, while the 200-day EMA at $1.541 and the distant horizontal level at $1.900 define a broader bearish cap on the medium-term outlook.
On the downside, immediate support is located at the psychological $1.000 handle; a daily close below this floor would open the way to a deeper slide within the prevailing downtrend.
(The technical analysis of this story was written with the help of an AI tool.)
Ripple FAQs
Ripple is a payments company that specializes in cross-border remittance. The company does this by leveraging blockchain technology. RippleNet is a network used for payments transfer created by Ripple Labs Inc. and is open to financial institutions worldwide. The company also leverages the XRP token.
XRP is the native token of the decentralized blockchain XRPLedger. The token is used by Ripple Labs to facilitate transactions on the XRPLedger, helping financial institutions transfer value in a borderless manner. XRP therefore facilitates trustless and instant payments on the XRPLedger chain, helping financial firms save on the cost of transacting worldwide.
XRPLedger is based on a distributed ledger technology and the blockchain using XRP to power transactions. The ledger is different from other blockchains as it has a built-in inflammatory protocol that helps fight spam and distributed denial-of-service (DDOS) attacks. The XRPL is maintained by a peer-to-peer network known as the global XRP Ledger community.
XRP uses the interledger standard. This is a blockchain protocol that aids payments across different networks. For instance, XRP’s blockchain can connect the ledgers of two or more banks. This effectively removes intermediaries and the need for centralization in the system. XRP acts as the native token of the XRPLedger blockchain engineered by Jed McCaleb, Arthur Britto and David Schwartz.
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