XRP News Today: XRP Plummets 3% to $2.24 Amid $22M Liquidations

XRP, a prominent cryptocurrency, experienced a significant decline following a wave of liquidations. The price of XRP dropped to $2.24, raising questions about its ability to recover and reach the $2.3 mark. The liquidations, which amounted to $22 million, were a substantial market correction. This event has sparked discussions among analysts and investors about the future trajectory of XRP and its potential to regain its previous levels.

The sudden drop in XRP's price can be attributed to several factors, including market sentiment and broader economic conditions. The liquidations, which occurred on June 14, 2025, were a result of traders being forced to sell their positions to cover losses elsewhere in their portfolios. This cascading effect led to a rapid decline in XRP's value, causing panic among investors. Despite the current challenges, some analysts remain optimistic about XRP's potential to recover. According to the analyst's forecast, XRP could retest the $2.3 level, although this prediction is based on various assumptions and market conditions. The sentiment surrounding XRP is currently positive, with some investors believing that the cryptocurrency has the potential to explode to higher levels in the future. However, it is important to note that these predictions are speculative and should be taken with caution.

Behind the scenes, something powerful stirred. A treasury announcement. A utility milestone. And a quiet but steady wave of demand. These signals hint at a deeper strength. Circle’s USDC joined the XRP Ledger. This move strengthened XRP’s real-world utility, especially for payments. Then came the bombshell: Nasdaq-listed Trident Digital Tech launched an XRP treasury plan. The firm pledged to acquire $500 million worth of XRP. That put the token alongside BTC, ETH, and SOL as a serious corporate asset. These updates couldn’t stop the dip but helped soften the fall. At the same time, Options volume spiked 225% to nearly $4 billion. That showed big players weren’t leaving—they were hedging and waiting. On the charts, XRP dances on a razor’s edge. Price hugged the 200-day SMA, a vital support line. Below that sits $1.9, then $1.8, as next key levels.

Should bulls lose steam and market panic return, those lower zones may come fast. But on the flip side, $2.3 still stands as reachable resistance. If broader sentiment shifts or global tensions ease, XRP could surge to retest that level. For now, though, caution rules the Options market. The 25 Delta Risk Reversal flipped negative for end-June expiry. This shows more traders are buying puts than calls. In short, they fear more downside before a rebound. Uncertainty still looms. The FOMC meeting next week could shake things up again. And nobody knows how the Middle East situation may evolve. Yet, with growing real-world adoption and corporate interest, XRP holds long-term strength. Bulls may bleed now, but the fire hasn’t gone out. If confidence returns, $2.3 may not be so far after all.