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XRP price drops 5% below $1.05 amid market selloff and liquidation pressure

Technical Signals
28 Jul 2026
Crypto news
View Source
Bearish
pluang ai news

XRP price fell about 5% to $1.05 on July 28, breaking a key support level near $1.054 and entering oversold territory. The decline was driven by a broader market selloff, forced liquidation of leveraged long positions, and a double-top technical pattern signaling bearish momentum. XRP now faces immediate support between $1.043 and $1.05, with resistance near $1.075 and $1.098. The drop coincides with global risk-off sentiment ahead of the Federal Reserve meeting, suggesting further volatility ahead for XRP and other altcoins.

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