{"id":38495,"date":"2025-07-24T05:31:46","date_gmt":"2025-07-24T05:31:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=38495"},"modified":"2025-07-24T05:31:46","modified_gmt":"2025-07-24T05:31:46","slug":"ripples-xrp-crashes-double-digits-90m-in-long-positions-wiped-out","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=38495","title":{"rendered":"Ripple\u2019s XRP Crashes Double Digits \u2013 $90M in Long Positions Wiped Out"},"content":{"rendered":"
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Most altcoins have headed south over the past several hours, and the second-largest is no exception.<\/p>\n

XRP, which was among the top performers until yesterday evening, has plunged by double-digits to a new weekly low. As such, it has caused substantial losses to over-leveraged traders, even more than BTC.<\/p>\n

\"XRPUSD.<\/a>
XRPUSD. Source: TradingView<\/figcaption><\/figure>\n

What goes up, must come down, right? This narrative proved correct for Ripple\u2019s cross-border token, which was in an \u2018up only\u2019 mode for over a week. Recall that the asset broke out of its consolidation range ($2.2-$2.3) where it spent a month or so last week and shot up above $3 in days.<\/p>\n

The bulls kept the pressure on and, after more than seven years, XRP made history by breaking above its January 2018 all-time high of $3.4, and it set a new record<\/a> at over $3.65. Thus, the cryptocurrency had gained more than 50% in a week or so, and its market cap flew past<\/a> the $200 billion mark.<\/p>\n

What followed were a few days of sideways trading between the previous and the latest ATHs. However, the bears took control in the past 12 hours or so, pushing XRP south hard.<\/p>\n

In a matter of hours, the third-largest cryptocurrency plummeted from almost $3.6 to under $3.05, losing roughly 15% of its value. Although it has recovered some ground since then, it\u2019s still down by over 11% daily.<\/p>\n

This sudden but painful drop has resulted in a lot of pain for over-leveraged traders who were long on XRP. Data from CoinGlass shows that XRP longs were liquidated for over $93 million on a daily scale, which is second only to ETH and above BTC\u2019s $70 million.<\/p>\n

\"Liquidation<\/a>
Liquidation Heat Map. Source: CoinGlass<\/figcaption><\/figure>\n

The post Ripple\u2019s XRP Crashes Double Digits \u2013 $90M in Long Positions Wiped Out<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Most altcoins have headed south over the past several hours, and the second-largest is no exception. XRP, which was among the top performers until yesterday evening, has plunged by double-digits to a new weekly low. As such, it has caused substantial losses to over-leveraged traders, even more than BTC. XRPUSD. Source: TradingView What goes up, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-38495","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38495"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38495\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}