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  • XRP Liquidation Shock Wipes Out $7.95M in Just 24 Hours
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XRP Liquidation Shock Wipes Out $7.95M in Just 24 Hours

Jane Kariuki 13 June 2025
XRP IMAGE
  • XRP experienced a sharp 182% imbalance in liquidations, with $7.95 million wiped out in 24 hours—mostly from over-leveraged long positions.
  • Despite the short-term losses, analysts remain optimistic about a potential rebound, supported by institutional interest and hopes for an SEC-approved XRP ETF.

A sharp shake-up hit XRP traders this week as an unexpected liquidation wave swept through the market, revealing the risks of over-leveraging. While short-term sentiment took a hit, some analysts remain hopeful for a stronger XRP rebound ahead.

A Brutal XRP Correction Below $2.30

Within just 24 hours, the XRP futures market experienced a violent downturn. Traders betting on a bullish breakout above $2.30 were caught off guard when the price abruptly reversed, triggering a 182% imbalance in long positions, as per CoinGlass data.

Roughly $7.95 million in positions were liquidated, with $7.63 million coming from longs, highlighting the one-sided optimism that turned into heavy losses. The price fell to $2.11, registering a 5.71% drop, while trading volume declined by 4.71%—a clear signal of waning market confidence.

Ripple News Couldn’t Stop the Crash

Interestingly, this downturn came just as Ripple onboarded a major institutional client, Guggenheim, signaling continued interest from big players. However, market dynamics overshadowed the positive sentiment as many traders overexposed themselves to leveraged long bets.

Despite short positions only incurring $312,760 in losses, the long-liquidation cascade pushed XRP below crucial support levels, triggering a chain reaction of sell-offs. The failed push above $2.30 now serves as a cautionary tale on the dangers of trading hype without managing risk.

Still Bullish? Long-Term Optimism Persists

Despite the intense pressure, optimism around XRP’s long-term trajectory has not vanished. Some market watchers expect a short-term rebound toward $3.20, underpinned by hopes of SEC approval for an XRP ETF and institutional adoption.

Structural investors view this correction not as a reversal but as a technical breather—a normal occurrence in volatile crypto markets. Bold forecasts even place XRP between $10 and $15 in the coming years, though this heavily depends on regulatory clarity and broader adoption.

In the wake of the liquidation storm, XRP has reminded traders of the high-stakes nature of crypto derivatives. While the short-term narrative falters, the long-term vision powered by regulation and adoption keeps the flame alive for XRP believers.

DISCLAIMER:
The views and opinions expressed herein are solely those of the author or advertiser and do not necessarily reflect the views of the publisher. The publisher does not endorse or guarantee the accuracy of any information presented in this article. We encourage readers to conduct further research and consult additional sources before making any decisions based on the content provided.

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