$XRP Price Crashes 5% to $1.05 as Double-Top Breakdown Spooks Market

$XRP price dropped about 5% to $1.05 on July 28 as part of a broader risk-off move, leading to forced long liquidations and pushing the token below a closely watched technical floor.

According to data from crypto.news, $XRP's price traded at $1.049 at the time of writing after reaching an intraday low of $1.0486 on Binance.

The decline extended a broader downtrend that has kept the token under pressure since May.

$XRP's 4-hour chart shows it forming two rounded peaks near $1.17, creating a double-top structure.