XRP price movement is sending shockwaves across the crypto market after recording an unprecedented 366,941% liquidation imbalance in just one hour—triggering a bullish spike that’s reigniting interest from whales and retail traders alike.
In the last 24 hours, XRP has climbed over 2.56%, reaching $3.26, according to CoinMarketCap.
But what really turned heads was the abnormal liquidation event on crypto derivatives platforms.
During a dramatic hourly window, XRP long traders saw a brutal sell-off that rattled leveraged positions.
XRP price movement crushes long traders in hours bloodbaths
At the heart of the XRP price movement lies a staggering imbalance in derivatives trading. According to data from CoinGlass, total XRP liquidations topped $803,388 in just one hour—with 99.97% of that ($803,170) affecting long traders. Short sellers, by contrast, only saw $218.84 in liquidations.
This translated into a liquidation ratio of 366,941%, an extraordinary imbalance that suggests long traders were completely blindsided by sudden price volatility.
The sell-off happened as XRP bounced from a local dip of $3.10 and quickly reclaimed the $3.20 level—fueling speculation that smart money was behind the volatility.
Whale activity surges amid XRP price movement
The sharp XRP price movement also coincided with aggressive whale accumulation. As reported by U.Today, a mysterious whale opened three separate XRP positions at $3.20 on the Hyperliquid platform, totaling 5.17 million XRP—worth $16.62 million—using 2x isolated leverage.
“Whales are clearly accumulating XRP at strategic levels, especially during dips,” said Ali Martinez, a respected on-chain analyst.
“Over 130 million XRP were scooped up by whales within 24 hours, signaling strong bullish intent.”
Additionally, Whale Alert flagged a massive $53.4 million XRP transfer to Coinbase. The transaction added to the frenzy and increased speculation that institutional players could be behind the current rally.
XRP/USD Daily Chart, Courtesy: TradingView
Market sentiment still mixed despite rally
Despite the positive XRP price movement, market sentiment remains cautious. XRP has experienced a rollercoaster week, attempting to recover after facing sharp downward pressure.
But the renewed whale interest and the surge in daily trading volume—up 62.7% to $6.6 billion—suggest that a rebound is gaining momentum.
“Market depth remains thin, and that’s contributing to these extreme liquidation spikes,” said Markus Thielen, Head of Research at 10x Research. “Until we see more stable liquidity, wild moves like this will continue to characterize XRP.”
The next few days will be crucial for XRP’s trajectory. Technical analysts believe that if XRP manages to hold above the $3.20 psychological level, a test of the $3.35 resistance zone is likely.
“If this momentum holds, we could see XRP target $3.50 next,” said Rekt Capital, a well-known crypto trader. “But if support breaks, expect another round of volatile liquidation waves.”
For now, XRP price movement remains a key metric for both traders and analysts monitoring the health of the broader altcoin market.
Key takeaways
XRP surged 2.56% to trade at $3.26 amid explosive trading activity.
366,941% liquidation imbalance saw long traders wiped out in one hour.
Whales accumulated over 130M XRP within 24 hours, signaling bullish intent.
Market remains volatile, but XRP is showing strength above $3.20.
As XRP price movement continues to dominate headlines, traders should brace for more volatility, especially with whale activity intensifying and liquidation levels reaching extremes.
Stay tuned—because in crypto, a single hour can flip the entire market narrative.
The recent XRP price movement has triggered intense speculation, with analysts closely monitoring the surge.
As whale activity spikes and liquidation imbalances intensify, the XRP price movement could mark a pivotal shift.
This bullish XRP price movement may attract more institutional players. Investors are eyeing the XRP price movement for future opportunities as the XRP price movement gains momentum.
Davidson Okechukwu is a passionate crypto journalist/writer and Web3 enthusiast, focusing on blockchain innovation, deFI, NFT ecosystems, and the societal impact of decentralized systems.
His engaging style bridges the gap between technology and everyday understanding with a degree in Computer Science and various professional certifications from prestigious institutions.
With over four years of experience in the crypto and DeFi space, Davidson combines his technical knowledge with a keen understanding of market dynamics.
In addition to his work in cryptocurrency, he is a dedicated realtor and web management professional.