XRP falls toward $1.10 amid liquidation-driven selloff

XRP experienced a significant decline, falling to multi-month lows and briefly breaking below $1.10 due to liquidation-style selling pressure. Despite recent inflows into XRP ETFs, market sentiment has soured, with the token losing market value relative to USDC and the broader crypto Fear & Greed Index entering extreme fear territory. Analysts consider the $1.09-$1.10 range as critical support, with the trend remaining bearish until former support levels are convincingly reclaimed. The selloff was characterized by high volume, suggesting forced liquidations rather than orderly selling, and recovery volume has been weaker than selling volume.