XRP price falls as leveraged traders face major liquidations

XRP dropped 2.7% on October 15, falling to around $1.29 and breaking below an important price trend line. The fall was part of a wider cryptocurrency market sell-off, which destroyed between $709 million and $959 million in leveraged trading positions in 24 hours. Geopolitical tensions and worries about trade tariffs triggered the sell-off. In XRP alone, about $40 million in positions were closed by force over 12 hours, and 96% of those losses came from traders who had bet on prices rising. Analysts say $1.25 to $1.30 is a key support zone. If prices fall below that, XRP could drop to $1.00. Separately, a planned upgrade to the XRP Ledger network has been pushed back to November.