XRP Plunges 24%, Leading Crypto Losses as Market Fear Hits Extreme
The sell-off triggered $47 million in liquidations across XRP derivatives contracts, with nearly $44 million representing long positions.
XRP News
XRP led cryptocurrency losses on Thursday with a 24% decline over 24 hours, bringing the asset to $1.17 and marking its steepest single-day drop among the top 100 cryptocurrencies by market capitalization. The Ripple-linked token briefly touched $1.28, its lowest price since November 2024.
The sell-off triggered $47 million in liquidations across XRP derivatives contracts, with nearly $44 million representing long positions. Total crypto liquidations exceeded $1.4 billion during the same period. Trading volume for the asset jumped 57% to surpass $11 billion as volatility intensified.
