XRP Price Slips to $1.08 as Bears Get Another Opening After the $1B Liquidation Wave

Three Things to Know A $1 billion liquidation wave knocked XRP and the wider crypto market to fresh lows to start the week. XRP's daily momentum gauge sits deep in oversold territory, yet sellers still control the trend. Bulls now have to defend a floor just under the dollar mark, with little mapped support below it. XRP extended its slide on Monday after forced liquidations swept through crypto markets. Leveraged traders who bet on a rebound were flushed out, and the token took one of the heaviest hits among large coins. The timing hurts. XRP was already grinding lower for weeks, and spot ETF buyers stayed on the sidelines. Traders now want to know whether oversold conditions can spark a relief bounce before the dollar level gives way.

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