XRP Long Liquidations Reach $17.97 Million in Single-Day Squeeze

$17.97 Million of Longs Wiped Out

Roughly $17.97 million in leveraged XRP long positions was force-closed across a 24-hour window on Tuesday, against just $1.22 million in short liquidations over the same span. The imbalance, close to fifteen to one, turned the decline into a long squeeze, the mechanism by which a falling price forces margin calls on traders who bet on gains, whose liquidated positions then hit the market as fresh sell orders and push the price down further. Liquidated longs effectively supplied exit liquidity for the other side of the book, and analysts attribute the depth of the move to that cascade running alongside broad weakness across major cryptocurrencies. Long-side investors bore nearly all of the forced-closure stress, a distribution that concentrates selling among the very traders positioned for a rebound and leaves recovery dependent on fresh demand stepping in where the liquidations ended. The XRP price now reads near $1.36 in COINOTAG's live monitoring, down about 3.1% over 24 hours, after quotes near $1.46 earlier in Tuesday's session. The seven-day drawdown has reached just over 9%, deeper than Ethereum's 7.25%, BNB's 5.42% or Bitcoin's 2.8% over the same period. Circulating supply stands at 63.12 billion XRP, putting market capitalization near $86.05 billion. Participation was heavy rather than thin: spot turnover jumped more than 67% in 24 hours to about $2.55 billion, so the sell-off moved through genuine volume rather than a sparse order book. Forced sales met thinner bids as market makers stepped back, adding slippage for traders exiting into the cascade. The pattern is a familiar one in leveraged markets, where a modest trigger, here the wider crypto market's soft week, becomes outsized once margin mechanics take over.

Derivatives Heat Up While ETF Money Stays

Derivatives activity expanded through the decline rather than contracting ahead of it. Aggregated derivatives data shows XRP open interest up 4.42% to $7.14 billion, while derivatives volume climbed more than 42% to about $17.94 billion. Open interest rising on a falling price points to new leveraged positions being opened into weakness, much of it contract trading rather than spot accumulation, and it is the configuration that usually precedes further sharp swings. Leveraged flow of $17.94 billion against spot turnover of $2.55 billion puts derivative activity at roughly seven times the cash market, an ordering that magnifies any move in both directions. The institutional ledger runs the other way. Fund-flow data shows United States spot XRP ETFs have taken in net money for seven consecutive months, with cumulative net inflows of $592.95 million across that run and net assets now near $1.55 billion. The products gathered capital through every leg of the token's recent volatility. Over 30 days XRP is still 1.4% higher, and analysts put that persistence down to expanding regulatory clarity in the United States and other major jurisdictions alongside recovering institutional demand. The two books tell different stories about the same asset: leveraged traders are adding risk into the drawdown while slower-moving ETF money keeps absorbing supply at a steady pace. Neither has won yet. The weekly chart shows the leveraged side in control for now, and our earlier coverage followed the slide toward $1.30 support as it developed. One research view we covered argued the token would see a retest of $1.35 support before any rebound, a level live trading is now probing. With the wider altcoin market in retreat, XRP's relative depth of decline reflects its leverage load as much as its fundamentals.

The composite support map frames where the flush has carried the token: support at $1.3151 scored 91 out of 100 in our composite scoring, resistance at $1.4227 scored 96/100, and the live spot price of $1.3592 sits between them, about 3% above the floor and roughly 5% below the ceiling. Momentum readings are soft, with the RSI at 40.87 and a bearish MACD signal inside a sideways trend, consistent with what our full XRP technical analysis tracks. Positioning still leans long, with perpetual funding at 0.0010% and a long/short account ratio of 2.84, 74% of accounts holding longs, which is the same leverage build that fed Tuesday's liquidations. The measured gap down to the 91-scored support runs about $0.04, thinner than the roughly $0.06 distance up to the 96-scored resistance, and that long skew is what decides which side gives first.