XRP Drops 7% After $437M Sell Spike — Liquidations Drive Volatility

I see XRP drop roughly 7% after a $437M sell spike that coincided with about $1B of liquidations across the crypto market. The price move looks driven mainly by leveraged positions being forced out rather than a clear fundamental change.

I'm concerned this raises short-term downside risk as stop-loss cascades can amplify selling, but it also relieves some compressed positioning and could set up a bounce if selling pressure abates.

I'm monitoring trading volume, order-book depth and whether XRP can reclaim nearby support; failure to stabilise would favour further trimming, while steadying above support could present a lower-risk re-entry.