Well, isn’t this a fun Saturday for the XRP bulls? The market decided to take them on a little rollercoaster ride, and guess what? They fell off. Hard. XRP plummeted a whopping 7.23%-a drop so steep it could make your grandmother’s dentures fall out.
Looking at the liquidation data, it’s like the universe had a grudge against those bullish traders. Long positions got wiped out like last season’s fashion trends. Over the past hour, a total of $493.94K got liquidated, with $135.74K coming from the optimistic longs and a mere $358.19K from the pessimistic shorts. Let’s face it, though-those longs are the real star of the show.
Fast forward a few hours, and total liquidations rocketed to $4.80 million, with $3.92 million from longs (poor souls) and $880.69K from shorts. I guess shorts aren’t the popular kids in this liquidation party.
XRP Volume Rises 212%, Bitcoin ETFs Back in Demand With $506 Million, Dogecoin Price Reclaims $0.10 – U.Today Crypto Digest
If you’re thinking it can’t get worse, well, you’re in for a treat! Over the past 12 hours, the total liquidation reached a jaw-dropping $9.14 million-$8.08 million of it from longs and only $1.06 million from shorts. I mean, can the longs just catch a break already?
Over the last 24 hours, it’s been an absolute bloodbath, with liquidations totaling $13.86 million. And of course, $12.56 million of that came from long positions. Shorts, again, were left sipping iced tea with a mere $1.31 million loss. Looks like the bulls have been taking the brunt of this chaos.
As of now, XRP is hovering at $1.28, down 7.19% in the past 24 hours, and the market cap is trailing behind at $78.77 billion. Nothing to write home about, really.
XRP price and crypto crash amid global unrest
Saturday was not a good day for the crypto market in general. Every coin seemed to catch a cold, with XRP among the ones that got hit hardest. And don’t even get me started on stocks, which decided to join the party too. Over $515 million in liquidations over the past 24 hours-talk about a bloodbath.
Meanwhile, $128 billion disappeared from the total crypto market capitalization-yes, you read that right, $128 billion. Talk about a bad day at the office, right?
Despite the chaos, the 24-hour volume saw a 27.8% spike, hitting $3.94 billion. This means more people were jumping in and out of the market like they were binge-watching a series on Netflix. The Vol/Mkt Cap ratio is now at 4.99%, which just screams “we’re in this mess together.”
The combination of a sharp price drop and rising volume indicates that people were either panic-selling or taking profits. And let’s not forget about the short-term traders who were probably enjoying a nice profit from the market weakness.
And just to rub it in, high volume during a downturn usually means aggressive selling, and it’s not a stretch to say that this might have played a part in XRP’s downward spiral.
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2026-02-28 15:08