XRP has staged a significant recovery following a sudden 41% price drop, successfully regaining the $2.47 level.

XRP Price Volatility

XRP experienced significant volatility on Friday, initially collapsing by 41% before rebounding to close above $2.47. This dramatic price swing, with a $1.14 range, was driven by macro deleveraging and liquidations linked to a tariff announcement. The price briefly plummeted to $1.64 before stabilizing due to bids absorbing panic sales.

Liquidations and Institutional Activity

Over $150 million in XRP futures were liquidated as a result of the market shock. Institutional accumulation was observed between $2.34 and $2.45 as larger holders rebuilt their positions. The high volume—817 million—indicated a capitulation-grade turnover event.

Technical Outlook and Key Levels

Immediate support sits at $1.64, while a key resistance level remains at $3.05. A bullish recovery channel is developing, and momentum indicators are showing early signs of reversal. Traders are watching for confirmation of support around $2.47 and potential continuation bids.

Future Considerations

ETF-related flow data and continuation bids from institutional desks are being closely monitored. The macro-risk narrative surrounding the tariff escalation and crypto correlation will also be a focus for traders. Breaking above $2.90-$3.00 could signal a return to long setups.