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6h ago

XRP Breaks $1.35 Support as Leverage Builds and $1.28 Level Looms

A drop through $1.35 puts $1.28 support in focus.

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XRP prices retreat to the $1.35 support but a positive Sharpe ratio gives investors hope
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Overview

  • XRP fell through $1.35 after Friday’s $14.16 billion quarterly options expiry on Deribit and a drop in Bitcoin to $66,000.
  • The token traded near $1.34 with about $2.2–$2.6 billion in 24-hour volume and a market value around $82 billion.
  • Chart watchers now eye $1.28 as the next floor, with limited support below until roughly $1.11 if selling deepens.
  • Binance futures positioning rose about 15% this week, and long-liquidation waves on March 18, 21, and 26 show fragile bullish bets that can speed up swings.
  • Ripple introduced AI-assisted testing, a dedicated red team, and stricter reviews for the XRP Ledger as a Goldman Sachs filing showed about $152 million in XRP ETF exposure.