XRP Tests $1 Support As Long Liquidations Surge Inside Multi-Month Wedge

XRP’s latest sell-off has put the $1 level back at the center of market attention, with traders watching whether the token can hold psychological support while derivatives data shows a sharp flush in long positions. The move comes as XRP continues to trade inside a broader multi-month falling wedge structure, keeping both technical traders and leveraged participants on edge.

Technically, XRP remains inside a multi-month falling wedge pattern. Traders often watch wedge structures for signs of compression and potential reversal, but the pattern does not guarantee a breakout. In the current setup, the validated pack notes that reclaiming the $1.10 to $1.12 region would be needed to shift short-term momentum more constructively.

Until that happens, the market remains vulnerable to failed bounces. XRP can stabilize near $1, but bulls need to prove that the move is more than a temporary pause after leverage was flushed out. A clean move back above the reclaim zone would likely be watched as a first sign that the sell-off is losing force.

The main danger for bulls is a decisive loss of $1 followed by weak demand on any retest. If that happens, traders may shift focus toward the lower monthly support area near $0.91. That does not mean XRP must trade there, but it gives the market a clear downside reference if psychological support fails.

For now, XRP is caught between two competing signals: a technical structure that some traders may view as a potential reversal setup, and liquidation data showing that leveraged bullish positioning has already been punished heavily. The next test is whether spot demand can replace the leverage that just left the market.