XRP News Today: XRP Longs Suffer $88M Liquidation After Price Plummets From $3.65 to $3.00

Generated by AI AgentCoin World
Thursday, Jul 24, 2025 7:26 am ET1min read
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Aime RobotAime Summary

- XRP traders faced $88M in liquidations as leveraged longs collapsed after a 18% price drop from $3.65 to $3.00.

- Over $700M in crypto positions were wiped globally, with 85% targeting long-position traders during the volatility.

- Technical indicators show bearish momentum, with RSI dropping to 68 and MACD signaling potential further declines below $3.00.

- Institutional adoption in Brazil offers hope, but macro risks and whale activity could prolong XRP's instability.

XRP traders experienced one of the most severe liquidation events in the token’s history this week as overleveraged long positions collapsed. According to data from CoinGlass, $88 million in

XRP
longs were wiped out in 24 hours, with crypto analyst Chad Steingraber noting a specific $82.5 million loss during a critical timeframe [2]. This followed a sharp price reversal that saw XRP plummet from a multi-year high above $3.65 to the $3.00 range within hours, triggering cascading margin calls. The broader crypto market mirrored the turmoil, with over $700 million in leveraged positions liquidated across assets, 85% of which targeted long-position traders [1].

The rapid collapse exposed vulnerabilities in leveraged strategies during volatile price swings. Steingraber described the event as the “biggest flush ever,” highlighting the systematic erasure of overextended XRP longs. Social media posts from traders underscored the severity, with some noting the event’s unprecedented scale [2]. The volatility was driven by a sudden shift in sentiment from speculative optimism to caution, leaving many traders “on the wrong side of the trade.”

Technical indicators suggest further instability. XRP’s Relative Strength Index (RSI) fell from overbought territory near 88 to 68, while the Moving Average Convergence Divergence (MACD) signaled a potential bearish crossover. Analysts warn that if prices fail to reclaim the $3.40–$3.66 range, a deeper correction toward $2.80 or lower remains likely. Traders are now closely monitoring support levels around $3.00–$3.10 to gauge the token’s near-term resilience [1].

Despite the short-term pain, real-world adoption of the XRP Ledger offers a potential lifeline. Brazil’s VERT Capital recently announced plans to tokenize agribusiness debt on the platform, demonstrating growing institutional interest in XRP’s utility beyond speculative trading [1]. However, macroeconomic uncertainties and whale activity in smaller-cap assets could prolong volatility, complicating recovery prospects.

The event underscores the risks inherent in leveraged trading. While XRP has stabilized near the $3.00–$3.10 range, the episode serves as a cautionary tale for overexposure during rapid price surges. Analysts emphasize that risk management is non-negotiable in crypto markets, where sudden reversals can erase gains in hours.

Sources:

[1] [XRP Longs Are Being Wiped Out in Biggest Flush Ever] (https://timestabloid.com/xrp-longs-are-being-wiped-out-in-biggest-flush-ever/)

[2] [Chad Steingraber - X] (https://x.com/ChadSteingraber/status/1948137****38128395)

[3] [Ether, XRP Traders Book Bigger Losses Than

Bitcoin
as ...] (https://finance.yahoo.com/news/ether-xrp-traders-book-bigger-041906252.html)

[4] [Venture capitalists dumping tokens in microcap stock markets] (https://www.facebook.com/groups/2028862550588932/posts/3483386168469889/)