XRP/USD Price Prediction: $657M Liquidation Rocks Price—What’s Next?

Liquidations hit $657M as Bitcoin dips; XRP drops 6.49% to $2.21. Watch for key support at $2.14 and potential rebound setups.

Written by: Maham Arslan • Friday, May 30, 2025 • 2 min read

XRP/USD Price Prediction: $657M Liquidation Rocks Price—What’s Next?

Quick overview

Liquidations hit $657M as Bitcoin dips; XRP drops 6.49% to $2.21. Watch for key support at $2.14 and potential rebound setups.

The crypto market has taken a hit in the last 24 hours with $657 million in liquidations. Bitcoin (BTC) led the way down 3.89%, Ethereum (ETH) 4.20% and XRP (XRP/USD) 6.49%. Bitcoin failing to break resistance triggered a domino effect and pulled down major altcoins and ended XRP’s 18 day streak of stability.

XRP’s drop ended a period of calm where it was in a falling wedge, a bullish formation. But Bitcoin’s big drop flipped the script and caused a wider market sell off.

XRP/USD

XRP Open Interest Crashes $140M, Setup

XRP’s big drop wasn’t just about price it also saw Open Interest (OI) drop $140M in 17 hours according to VeloData. That’s $23M in longs wiped out in 12 hours. These clearouts often leave behind a “cleaner” market and can setup buying opportunities for those who have been waiting on the sidelines.

Support Test: XRP went below $2.139 a level with significant past volume.
Previous Bounce: The last time XRP hit this zone it rallied 18% so there may be buyers here.
Key Watch: If Bitcoin doesn’t recover here XRP risks a retest of the $2.00 psychological level.

XRP/USD Price Chart - Source: Tradingview — XRP/USD Price Chart – Source: Tradingview

XRP Technical Analysis: Bearish but a Bounce Possible

XRP/USD is at $2.21 down 4.17% in 24 hours. Price is squeezed below the descending trendline from May highs and the 50- and 200- period EMAs so bearish.

Price Structure: Lower highs and lows and a descending channel respecting upper and lower bounds.
Candlestick Clues: Long wicks at $2.14 show buyer defense but no follow through yet.

Momentum:
- MACD: Weak with a flattening histogram but slight divergence.
- RSI: Oversold at ~40 so be cautious but no reversal.
- Volume: High so trading and volatility.

Trade Ideas for XRP/USD

Bullish: Break above $2.26-$2.31 on strong candles (engulfing, three white soldiers) and MACD crossover to $2.36-$2.39.
Bearish: Close below $2.17 with bearish candles (shooting star, three black crows) to $2.10 or $2.05.
Neutral: Wait for a break out of this range.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Open a FREE Trading Account

ABOUT THE AUTHOR See More

Maham Arslan

Crypto News Writer | Blockchain & Web3 Reporter

Maham is a crypto news writer and market analyst specializing in breaking down the latest developments across blockchain, digital assets, and decentralized finance (DeFi). With hands-on experience covering high-impact stories—from regulatory shifts and token launches to macro-driven price movements—she delivers timely, accurate, and SEO-optimized content for fast-growing crypto media platforms. Her expertise lies in producing daily news reports, price predictions, technical summaries, and coverage of market-moving events. Maham tracks real-time updates across global newswires, X (Twitter), and on-chain data to provide actionable insights tailored for retail traders, crypto enthusiasts, and institutional readers. With a strong grasp of crypto fundamentals and Web3 trends, she delivers content that’s informed, accessible, and always on time.