XRP News Today: Ethereum XRP Plunge 3.6 6 Following $735M Liquidations From Profit-Taking Whale Selling

The cryptocurrency market experienced a sharp selloff on July 24, 2025, with over $735 million in liquidations as leveraged traders grappled with declining prices. Ethereum (ETH) and XRP bore the brunt of the decline, with $152.78 million and $88.58 million in long positions liquidated respectively, outpacing Bitcoin’s $65.29 million in losses [1]. The sell-off accelerated as ETH dropped 3.6% to $3,540 and XRP fell 6% to $3.25, triggered by profit-taking and whale-driven selling amid Bitcoin’s recent retreat from its all-time high [2]. Analysts noted that the lack of a clear catalyst, combined with high leverage, exacerbated volatility across altcoins.

Bitcoin (BTC) traded near $118,000 after slipping below the $120,000 threshold, marking a correction following its recent peak. Ethereum and Solana also breached key support levels, intensifying downward pressure. Network profit/loss data highlighted significant realized gains for BTC, ETH, and XRP since May, suggesting sustained selling activity. Despite the short-term weakness, institutional interest remained resilient, with the altcoin season index at 49—a threshold often linked to momentum shifts toward smaller tokens [2].

Amid the turbulence, liquidity for major altcoins reached record levels. Ethereum’s 1% market depth—the amount of capital available to absorb a 1% price movement—hit its highest point in 2025, indicating deeper market support for buyers and sellers. XRP also saw robust order books, despite overall crypto trade volumes remaining below annual averages. Analysts interpreted this as a bullish sign, suggesting potential price stability or growth for ETH and XRP if volume picks up [3].

The selloff reflected broader market dynamics, including leveraged traders exiting positions after modest price declines. Over $625 million in long positions were liquidated, underscoring panic-driven exits and profit-taking near critical resistance levels. While the immediate focus remains on short-term volatility, the interplay between institutional confidence and retail activity will likely shape the next phase of market direction.

Sources:

[1] [title1] [url1]https://coinpedia.org/news/why-is-crypto-crashing-today-xrp-news-bitcoin-price-today-tesla-stock-earnings-and-more/

[2] [title2] [url2]https://coinpedia.org/news/why-is-crypto-crashing-today-xrp-news-bitcoin-price-today-tesla-stock-earnings-and-more/

[3] [title3] [url3]https://coinpedia.org/news/why-is-crypto-crashing-today-xrp-news-bitcoin-price-today-tesla-stock-earnings-and-more/