XRP price fell nearly 10% to hit a low of $1.27, its first retest of this level in over a month, after failing to break the $1.50 resistance level amid broader market weakness linked to CLARITY Act news. Approximately $40 million in XRP positions were liquidated in 24 hours, with over 95% being long positions, representing the strongest long liquidation since August 22. Despite this decline, Ripple continues to grow by investing $10 million in Velocity, a stablecoin startup focused on cross-border payments, while 85 new addresses accumulated over one million XRP before the 67% surge recorded in August. Analysts view this correction as a healthy technical adjustment rather than a trend reversal, with whale accumulation and Ripple’s continued ecosystem development supporting the long-term XRP outlook.
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