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Crypto

XRP breaks resistance as short liquidations mount; next test is $1.065 support

XRP has broken a key resistance level, rapidly expanding losses for short sellers. A sharp rise after a prolonged $1.02 to $1.06 range led to widespread liquidations. Over the past 24 hours, more than $634 million in margin positions were forcibly liquidated across the crypto market, with about 73 percent tied to shorts, CoinGlass data showed. In XRP, about 81 percent of losses came from bearish bets.

Crypto

XRP holds $1 but risk of pullback to $0.815 grows

XRP is facing renewed downside pressure after failing to break above its 50-day simple moving average. It has struggled to exit a downtrend lasting nearly a year after failing to reclaim key resistance last month. Analysts say the June rebound did not signal a trend reversal, with an intraday high capped at $1.30. With XRP still below major resistance, charts point to a potential further correction toward $0.815.

Crypto

XRPL lending infrastructure may let XRP holders borrow without selling

A planned lending infrastructure on the XRP Ledger could allow XRP holders to borrow funds using their tokens as collateral without selling, an analysis said. XRP analyst James Dooly said Coinbase’s XRP-backed loans, a government-guaranteed crypto mortgage structure and proposed XRPL lending functions could create a new model for long-term holders. He outlined a hypothetical example using USDC borrowing and possible interest income from depositing unused XRP, while noting key XRPL functions remain at the proposal stage.