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XRP drops 4.32% after US-Iran ceasefire ends, triggering $400M crypto liquidations

Market News
09 Jul 2026
Blockonomi
View Source
Bearish
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XRP fell 4.32% to around $1.07 following President Trump's announcement ending the US-Iran ceasefire, which escalated geopolitical tensions. This led to over $400 million in cryptocurrency liquidations, including $8.61 million in XRP long positions, the largest since June 25. Technical indicators show bearish momentum with critical support between $1.00 and $1.05; a break below could push XRP toward $0.90. Despite Ripple's regulatory approval in Europe, institutional interest remains low with no inflows in XRP spot ETFs and weak futures trading volumes.

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