XRP Retreats to $1.40 as $500M Long Liquidations Expose Overbought Risk

XRP retreated to $1.40 after a 70% rally, hit by $500 million in long liquidations and whale deposits. Key support is at $1.42, with resistance at $1.4139. The pullback exposes overbought risk as traders unwind leveraged positions. XRP's sharp decline highlights volatility in the crypto market, with investors monitoring support levels for potential further downside.