The XRP price slid about 7% after a Bitcoin-led wave of long liquidations, knocking out the $1.79 level and shifting focus to $1.74–$1.75. The pair XRPUSD now trades near a cluster of technical levels where buyers often step in. If ~$1.70 holds, a TD Sequential buy setup could form, but recent US spot ETF net outflows of about $69 million keep sentiment soft. We outline the key zones, risks, and trade plans Australian investors can use today.
Key levels after the breakdown
Price action is concentrated near $1.75–$1.70. The lower Bollinger Band sits around $1.70 while Keltner support is near $1.73. That creates a tight area where the XRP price often pauses. A clean 4-hour close above $1.75 would ease pressure. Lose $1.70 and sellers may target the prior swing area near $1.61, which aligns with last year’s trough.
On the topside, the middle Bollinger Band near $1.93 and the 50-day average at $1.97144 are the first major hurdles. A daily close back above $1.79 would open those targets. The 200-day average near $2.53481 caps the broader recovery. ADX around 34.92 signals a strong trend, so breakouts can extend quickly in either direction.
Flows and derivatives: why selling accelerated
About $70 million of long positions were flushed as Bitcoin dropped, sparking a fast slide through $1.79. That move forced more exits and widened spreads before dip buyers showed up. Coverage: XRP price news: Ripple-linked token falls 7% as bitcoin tumbles.
Recent US spot ETF net outflows of roughly $69 million weighed on risk appetite and stopped momentum buyers. While ETF flows do not track XRP directly, they shape crypto-wide sentiment. If outflows persist, rallies can fade faster. A flip back to net inflows would help the XRP price defend $1.70 and retest $1.79.
Trade setups Australian investors are watching
For intraday traders, a hold above $1.70 favors a bounce toward $1.75 and then $1.79. Failure to reclaim $1.75 quickly argues for patience. If price loses $1.70, avoid chasing and look for signs near $1.64–$1.61. Australians trading during AEDT may see thinner liquidity late morning, so plan orders and slippage limits ahead of time.
Volatility is elevated. ATR near 0.12 implies typical swings of about 7 cents, or roughly 4% at current levels. Keep position sizes modest and use stop losses outside the 15–30 minute noise. Consider scaling entries around $1.72–$1.70 with clear invalidation under $1.68. For swing trades, reassess if the XRP price cannot close back above $1.75.
What could invalidate the bounce
A decisive daily close below $1.70 would negate the potential buy setup. In that case, watch $1.65 and the $1.61 area for the next reaction. Continued Bitcoin weakness often drags majors with it, so monitor cross-market cues. If volumes expand on down days, the path toward last year’s low becomes more likely.
For bulls, the checklist is simple. First, defend $1.70. Second, reclaim $1.75 on strong volume. Third, close above $1.79 and hold it as support. That opens $1.93 and the 50-day at $1.97144. A TD Sequential buy trigger remains possible if $1.70 holds, per analyst commentary: TD Sequential Flashes Buy Signal For XRP.
Final Thoughts
The sell-off broke a clear line at $1.79 and pushed the XRP price into a dense support pocket at $1.75–$1.70. That makes the next 24 hours important for direction. Holding $1.70 keeps a potential TD Sequential buy setup in play and sets up a move toward $1.79 and $1.93. Losing $1.70 puts $1.61 back on the table. We suggest simple rules: respect levels, size smaller in high volatility, and avoid chasing spikes. For Aussie traders, set orders and stops before local lunch hours when liquidity can dip. If ETF flows stabilise and Bitcoin steadies, the path higher improves. Until then, treat bounces as tactical and keep risk tight.
FAQs
Why did the XRP price drop today?
A Bitcoin-led sell-off sparked about $70 million in long liquidations, which pushed price below the $1.79 level and triggered more stop losses. Liquidity thinned during the slide, widening spreads. Recent US spot ETF net outflows of roughly $69 million also weighed on sentiment and reduced dip-buying interest across major crypto assets.
What are the key XRP support levels now?
The near-term zone is $1.75–$1.70, including lower volatility bands around $1.73–$1.70. If $1.70 fails on a daily close, the next area of interest is near $1.61 from last year’s trough. On the upside, reclaiming $1.79 opens $1.93 and the 50-day average near $1.97144 as the next resistance targets.
Does a TD Sequential buy signal guarantee a rebound?
No indicator is a guarantee. A TD Sequential buy setup is more reliable when price holds a defined floor, which is around $1.70 here. Traders look for confirmation such as a strong close back above $1.75 and rising volume. If $1.70 fails first, the setup weakens and downside risk increases.
How should Australian traders manage risk in this move?
Keep sizes small relative to account equity, and place stops beyond the typical swing. ATR near 0.12 suggests about 7 cents of daily movement. Plan entries around $1.72–$1.70 with clear invalidation under $1.68. Use limit orders during quieter AEDT hours to control slippage, and reassess if price cannot reclaim $1.75.
Do ETF flows matter for the XRP price?
XRP is not part of the US spot Bitcoin ETFs, but flows still shape crypto sentiment. Recent net outflows of about $69 million reduced risk appetite. If flows turn positive, it can lift the broader market tone and help XRP hold supports. Persistent outflows make rallies fade faster and increase downside risk.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
What brings you to Meyka?
Pick what interests you most and we will get you started.
I'm here to read news
Find more articles like this one
I'm here to research stocks
Ask our AI about any stock
I'm here to track my Portfolio
Get daily updates and alerts (coming March 2026)