XRP bounced back on Friday after a 41% drop, closing above $2.47 as institutional bids returned. Over $150 million in XRP futures liquidated due to U.S.-China tariff news. Volume hit 817 million, with key resistance at $3.05. Analysts see the rebound as institutional recalibration. Support at $1.64, resistance at $3.05.

The sudden macro shock of new U.S.-China tariffs led to forced unwinds across risk assets, causing XRP to briefly drop to $1.64 before stabilizing. Derivatives data showed long liquidations outpaced shorts 15:1. The rebound was attributed to institutional recalibration, with treasuries adding spot exposure around $2.40.

XRP experienced a steep drawdown from 19:00–21:00 UTC before rebounding to $2.34 and climbing to $2.49 by 15:00 UTC. The final hour saw consolidation with a $0.03 band. Market structure rebuilt with $2.47–$2.48 as short-term support. Support at $1.64, resistance at $3.05.

Key levels to watch for XRP include whether $2.47 holds as support, continuation bids from institutional desks, ETF-related flow data, technical break above $2.90–$3.00, and the macro-risk narrative following tariff escalation and crypto correlation spikes.

Read more at Yahoo Finance.: XRP Rebounds Sharply After 41% Flash Crash, Reclaims $2.47 Support