XRP News Today: XRP Dips Below $3 Amid $465M Crypto Liquidation Surge

Generated by AI AgentCoin World
Tuesday, Aug 19, 2025 10:17 am ET1min read
BTC
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ETH
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SOL
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XRP
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Aime RobotAime Summary

- XRP fell below $3 to a 24-day low of $2.96, triggering $44.23M in liquidations amid broader crypto market turmoil.

- Over $465M in crypto positions liquidated in 24 hours, with XRP ranking second-weakest among top 10 cryptos after Solana's 5% drop.

- Analysts flag $2.81 as critical XRP support level, warning sustained break could erode investor confidence amid leveraged trading pressure.

- Market observers note accelerating liquidations post-macro data releases, with Bitcoin and Ethereum also suffering major position closures.

XRP has continued to trade below the $3 level amid a broader crypto market slump, with the token hitting a 24-day low of $2.96. The recent sell-off has contributed to over $465 million in total crypto position liquidations in the past 24 hours, of which $380 million came from long positions. XRP’s $44.23 million in liquidations underscores its heightened vulnerability amid market volatility and leveraged trading activity [1].

The token is currently ranked as the second weakest performer among the top ten cryptocurrencies by market capitalization, with a 4% decline in the last 24 hours.

Solana
has seen the sharpest drop at 5%. Analysts have highlighted $2.81 as a critical support level for
XRP
, noting that approximately 1.7 billion tokens were previously accumulated near that price. A sustained break below this level could further erode investor confidence [1].

The broader crypto market has seen intense selling pressure following sharp price swings, with

Bitcoin
briefly dipping to $115,059. Liquidation activity has accelerated in the wake of macroeconomic data releases, with over half of the total liquidations occurring within one hour of the data being published [1]. Both Bitcoin and
Ethereum
have also experienced substantial liquidations, with $112.36 million and $179.93 million in BTC and ETH liquidations, respectively [1].

Market observers note that the liquidation wave reflects a broader shift in risk appetite and liquidity conditions. As long positions are unwound and short positions potentially expand, the downward trend appears to remain the path of least resistance. Leveraged traders are exiting positions rapidly, compounding the downward pressure on prices. This dynamic raises concerns about further price erosion unless a clear stabilizing factor emerges [1].

Traders are now watching closely for signs that XRP can hold above its key support level. As of press time, the token is trading at $2.98 on Bitstamp, with investors waiting to see whether it can stabilize or if the broader selloff will drive it lower [1].

Source:

[1] https://www.instagram.com/p/DNdhHcJoeiI/

[2] https://www.btcc.com/en-IN/square/FxStreet-Crypto/825400