XRP tests crucial $1.25 support zone as October liquidations hit $37.6 million

XRP is testing a significant support level near $1.25, following a nearly 19% drop throughout October. According to market data provided by CoinGecko at 15:13 UTC on November 1, XRP was priced at $1.25, reflecting a modest 0.4% increase over 24 hours but remaining down 18.24% over the previous 30 days. U.Today’s technical analysis highlights the $1.20-$1.25 band as a critical area for XRP, overlapping with its 200-week moving average. The publication identifies a key long-liquidation level at $1.2292, indicating this price could attract defensive buy interest. At the same time, a cluster of short sellers is cited at $1.4292, above the current range. During October, $37.6 million in long positions were forcibly liquidated, which U.Today interprets as a sign of decreasing leverage during the downtrend.

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