TLDR:
- XRP price crashed from $2.50 after $50M in futures liquidity disappeared within minutes on Binance.
- Liquidity on both bid and ask sides plunged as market makers pulled orders during XRP’s rapid drop.
- Traders now eye $2.65 as a key resistance level, according to EGRAG Crypto’s latest chart analysis.
- XRP trades near $2.62 with over $9B in daily volume, marking a 3.37% gain after a week of decline.
For a brief stretch, XRP’s futures market looked like a black hole. Liquidity that had supported the token for hours suddenly disappeared, leaving traders with no bids to lean on.
Within minutes, XRP’s price plunged from $2.50 to $1.19. It was a brutal snapshot of how fast crypto markets can unravel when liquidity dries up.
Market data shared by trader Dom (@traderview2) showed that, for two hours before the crash, Binance Futures had around $50–60 million in liquidity within 5% of XRP’s price on both sides of the book.
Everything looked steady until the first sharp wave of selling around 21:00. Nearly $20 million in XRP was sold as shorts entered and long positions were forced out.
Liquidity Evaporates as Market Makers Step Back
During that sell-off, bid-side liquidity collapsed almost instantly. Dom noted that buy orders within 5% of price dropped from $50 million to almost zero. The ask side fell too, though it briefly spiked just before the next downward move. That’s when XRP traded near $2.50 with virtually no liquidity underneath.
He explained that no one replenished the book. Market makers either pulled their orders or stood aside to protect against further losses.
In the next ten minutes, another $50 million worth of XRP sold into a hollow market. With almost no bids left to absorb pressure, the token slid straight down to $1.19 before stabilizing.
Traders Now Eye $2.65 Resistance as XRP Price Attempts Recovery
After the steep decline, XRP has shown signs of recovery. According to EGRAG Crypto (@egragcrypto), the $2.65 level now acts as firm resistance, a level that once served as strong support during earlier rallies.
#XRP Update: $2.65 – Again A Key Level But This Time Resistant
:
What was once strong support has now turned into a formidable resistance level.
$2.65 is playing a major role again! If we can flip it into support on the 3-day timeframe with a full body candle, we’ll be in a… https://t.co/7HONwm4EMZ pic.twitter.com/Pc8ji5igOw
— EGRAG CRYPTO (@egragcrypto) October 13, 2025
He stated that a clean break and close above it on the three-day chart could put XRP back on track toward $2.85, aligning with its 21-day EMA.
As of CoinGecko’s data at publication, XRP trades at $2.62 with a daily volume of more than $9 billion.
The token has gained 3.37% in the past 24 hours but remains down 13.85% for the week. For traders, the rebound is encouraging, yet the episode serves as a reminder: even deep crypto markets can turn fragile in seconds.
The post XRP Price Rebounds to $2.62, but the Market Still Feels Fragile appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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