#数字资产市场动态 🚨XRP bulls got crushed again? $5 million forced liquidation overnight📉⚠️

XRP has been quite turbulent these past couple of days. It plummeted straight from above $2 down to $1.85, rebounded several times only to be pushed back down, and that $2 level just won't hold. Frankly, it's not just a technical issue—when macro risk sentiment cools down, highly volatile assets like this are the first to get wiped out.

Looking at the data, January 18th was arguably the worst day this month, with the derivatives market liquidating over $5 million, with XRP making up the bulk of that, directly amplifying the price decline. Leverage is like that—when the market drops, a chain reaction occurs—liquidity tightens, forced liquidations increase, and prices get pushed even lower.

From a technical perspective, short-term resistance still exists. Sellers are holding between the 2.20-2.40 range. If bulls want to turn things around, they need to regain the 2.10-2.20 zone first; otherwise, the risk of retesting lower remains. There is support around 1.85, but whether it can hold depends on upcoming macro news. At this point, risk aversion is dominant, and patience might be wiser than trying to fight the trend.