XRP Drops to $2.90 Support as Bullish Crypto Bets Rack up $500M Liquidations
XRP fell nearly 4% in Tuesday’s session as institutional selling hit mid-day and forced a breakdown from the $2.99 resistance zone.
A volume spike almost seven times the daily average confirmed liquidation flows, with price stabilizing only after touching $2.878 support.
Traders now eye whether the $2.85–$2.87 band can hold ahead of Ripple’s banking charter review deadline.
News Background
- Ripple’s push for a U.S. national banking charter has drawn scrutiny from regulators, with the Oct. 7 OCC deadline marking a key moment in the review.
- Global macro remains a drag: trade disputes and diverging central bank policy continue to sap FX and crypto liquidity, a headwind for enterprise-facing tokens like XRP.
- On Binance, custody reserves…
