XRP’s price plunged dramatically to $1.53 before partially recovering, leaving over $700 million in liquidations and widespread investor panic in its wake.
Massive Whale Sell-Offs Drove the Price Down
The crash wasn’t entirely unexpected. Data shows that large XRP holders—known as crypto whales—were the primary drivers behind the selling pressure. According to analysis, these whales offloaded between $40 million and $50 million worth of XRP daily, with the total exceeding $1.5 billion over just a few weeks.
This constant pressure overwhelmed markets, triggering cascading liquidations as stop-loss orders across exchanges were hit one after another.
Historic Liquidations in XRP Futures
Within just 24 hours, more than $709 million in XRP futures positions were liquidated. Long positions took the brunt of the damage—roughly $616 million—while shorts accounted for another $92 million.
Analysts are calling this the largest liquidation event in XRP’s history, underscoring how quickly leveraged trading can unravel in a sudden downturn.
Trump’s New Tariffs Made Things Worse
The XRP crash coincided with President Donald Trump’s announcement of 100% tariffs on Chinese imports—a move that rattled not only crypto markets but global financial markets as well.
The result: over $400 billion was wiped from total crypto market capitalization, which fell to $3.74 trillion. Meanwhile, Bitcoin also plunged to nearly $105,000 before finding slight support.
This wave of panic only increased the pressure on XRP, pushing it to its lowest levels in weeks.
What’s Next for XRP Price?
Right now, all eyes are on whether XRP can hold the $2.30 level, which is viewed as a key support. The Relative Strength Index (RSI) is currently at 29, signaling oversold conditions and a potential short-term bounce.
- If buyers defend the $2.30 zone and push the price back above $2.80, XRP could resume its bullish trend.
- However, if support fails, there’s a real chance of a further drop toward $2.00, or even $1.56.
Conclusion
XRP’s crash was driven by a combination of factors—aggressive whale sell-offs, massive leveraged liquidations, and growing global uncertainty. Despite a brief rebound, market conditions remain fragile, and the coming days will be critical in determining XRP’s next direction.
Frequently Asked Questions
Find answers to the most common questions below.
Large sell-offs by XRP whales, coupled with mass futures liquidations and macroeconomic fears triggered by new U.S. tariffs.
Over $709 million in XRP futures were liquidated, marking one of the biggest wipeouts in XRP's history.
If the $2.30 support level holds and RSI rebounds from oversold conditions, a short-term recovery is possible—but the market remains volatile.
This article is for general informational purposes only and is not intended to be, and should not be construed as, legal or investment advice. Crypto-assets are highly volatile, so only invest funds that you are willing to lose and use your own research and risk management.
