XRP has witnessed its largest long liquidation figure in over two months amid the latest market-wide crash that pushed prices below a crucial psychological support.
On Jan. 19, XRP recorded $29.7 million worth of long liquidations, the largest since Nov. 4, 2025. The recent wave of liquidations cut across the entire crypto market and comes as Bitcoin (BTC) and the rest of the market grappled with increased bearish pressure that has made the total crypto market cap lose $150 billion in five days.
During the ongoing downtrend, XRP has emerged as one of the most impacted, dropping by more than 4% in the last 24 hours to relinquish the psychologically important $2 support. XRP also saw an initial flash crash to $1.84, which led to the increased long liquidation figures, representing the largest so far this year.
Key Points
- The broader market has entered a renewed downtrend, losing $150 billion since Jan. 15 as prices collapse.
- XRP is facing one of the worst impacts of the global market downward trend, having dropped by 4.3% in the last 24 hours.
- While XRP currently trades for $1.96, the price initially crashed to $1.84 earlier today.
- With this crash, most long positions faced liquidation, amounting to $29.7 million today.
- This represents the largest single-day long liquidation XRP has recorded since Nov. 4, 2025.
XRP Crashed to $1.84 Amid Market Struggles
After recovering to a new yearly peak of $3.29 trillion on Jan. 14, the global crypto market faced resistance and has since continued to struggle. At press time, the global market cap has dropped 5.77% from this high, having lost $190 billion since the peak and $150 billion over the last five days.
Amid this renewed downtrend, some assets have reacted worse than others. Specifically, XRP witnessed a flash crash within 5 minutes, retested its Jan. 1 lows around $1.84 before recovering above $1.9. While the altcoin now trades at $1.96, the initial crash already had a visible impact on the futures market.
2-Month Peak in Long Liquidations
Notably, data from Coinglass confirms that XRP has witnessed $29.7 million worth of long liquidations today, with hours left before market close. This represents the largest liquidation figure for long positions since Nov. 4, 2025, when the market recorded $36.25 million worth of long liquidations.
Meanwhile, despite long positions seeing $29.7 million wiped out, short liquidations only come in at $1.16 million, bringing total liquidations for the day to $30.86 million, with long positions accounting for 96%.
24H XRP Liquidation Figures Gloomier
Interestingly, liquidations over the last 24 hours actually look much gloomier. For context, the XRP futures market has seen $40.73 million worth of positions wiped out within this period. Of this figure, long liquidations account for $39.49 million, also representing 96%.
Meanwhile, the 12-hour figures look similar to what the market has recorded over the past 24 hours. Specifically, in the last 12 hours, XRP has witnessed $40.36 million in total liquidations, with $39.14 million attributable to longs. This indicates that most of the 24-hour liquidations have emerged in the last 12 hours.
Despite the current bearish condition, more accounts on Binance are betting on an XRP price increase from the current price. Specifically, the long/short ratio on Binance accounts sits at 3.06, leaning toward a bullish disposition. Nonetheless, the overall long/short ratio in the XRP market has collapsed to 0.8896, suggesting that short positions now outpace longs.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
