XRP Drops to $1.50, Prints Bullish Hammer Candle as Liquidations Surge 357%

XRP Drops to $1.50, Prints Bullish Hammer Candle as Liquidations Surge 357%

N
News Editor 01
2026-07-23 17:05:15
XRP crashed to its lowest since April 2025 at $1.50, forming a classic bullish reversal hammer. Crypto liquidations surged 357% to $2.58B in 24 hours, with Fear & Greed at 18. A short-term bounce to $1.7920 is possible.
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Ripple's XRP token slid to $1.5000, its lowest level since April 2025, marking a 55% decline from the 2025 high. The drop comes amid a broader market rout — Bitcoin slipped below the key $80,000 support, and most altcoins have lost more than half their all-time highs.

Liquidations Spike, ETF Outflows Accelerate

CoinGlass data shows total crypto liquidations surged 357% in the past 24 hours to $2.58 billion. Ethereum accounted for $1.15 billion, Bitcoin $785 million, and XRP positions worth $61 million were wiped out. The Crypto Fear & Greed Index plunged to 18, deep in “extreme fear” territory, historically a sign of capitulation.

Spot XRP ETFs saw net outflows of $52 million last week, following $40 million the prior week, though cumulative inflows since launch still stand at $1.18 billion. Buyers have largely stepped aside, exacerbating the decline.

Hammer Candle Hints at Short-Term Reversal

On the daily chart, XRP formed a hammer candlestick at $1.50 — a long lower shadow with a small real body, widely considered a bullish reversal pattern. The token had already broken below the crucial support at $1.7920 (the October–December 2025 low), and remains below all moving averages and the Supertrend indicator, confirming bearish control.

If the hammer holds, XRP could bounce to $1.7920, a 9% gain from current levels. However, such a move would likely be a “break-and-retest” pattern — a classic bearish continuation signal. A complete reversal would require a close above the 50-day moving average and the Supertrend line.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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