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David Pokima
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A wave of leveraged liquidations totaling $46 million dragged XRP to its steepest one-day drop in over four months. This drop contrasts Ripple’s successful bids for new regulatory approvals across Europe.
Key Takeaways:
– XRP fell more than 17% to about $1.25 on Thursday, its worst one-day performance since October 2025, as broader crypto markets plunged.
– Roughly $46 million in XRP derivatives were liquidated in 24 hours, with $43 million coming from leveraged long positions, according to CoinGlass data.
– Despite the sharp drop, XRP spot ETFs have continued attracting net inflows, pulling in roughly $24 million this week and bringing cumulative inflows past $1.2 billion since their November 2025 launch.
The XRP price dropped more than 17% over the past 24 hours to around $1.25, making it the worst-performing major token on the day. Bitcoin fell roughly 10% toward $65,000 during the same period, while Ethereum slid below $2,000 and Solana traded near $82, as the selloff widened across the entire crypto market.
The move extended XRP’s weekly losses to nearly 30% and pushed its market cap down to approximately $75 billion, a steep fall from its July 2025 peak of $210 billion. XRP is now trading 45% below its January 2026 high of $2.41. This decline has been further fueled by deteriorating broader market conditions.
Leveraged Liquidations Amplified the Selloff Across Derivatives Markets
Data from CoinGlass showed roughly $46 million in XRP derivatives liquidations over 24 hours, with bullish bets accounting for about $43 million of that figure.
Prices bled slowly through most of Thursday before a sharp drop late in the session triggered a cascade of stop-loss orders and forced closings.
The break below the $1.44 support zone flipped that area into overhead resistance, leaving $1.00 as the next widely watched psychological level.
Across the broader market, traders saw approximately $1.42 billion in total crypto liquidations on Thursday, with long positions accounting for $1.24 billion.
XRP ETF Inflows Hold Up Despite the Price Collapse
Despite the steep decline, institutional flows into XRP exchange-traded funds have remained positive.
Since launching in November 2025, XRP spot ETFs have posted inflows on all but four trading days, according to SoSoValue data. Looking at this week’s performance, inflows totaled roughly $24 million, bringing cumulative net inflows past $1.2 billion.
That resilience stands in sharp contrast to Bitcoin ETFs, which recorded approximately $545 million in outflows on Wednesday alone.
Ripple’s Regulatory Wins Failed to Cushion the Drop
The selloff came during an otherwise active stretch for Ripple. Earlier this week, Ripple announced it had received full approval of an Electronic Money Institution license from Luxembourg’s Commission de Surveillance du Secteur Financier, enabling it to scale regulated payment services across the EU.
The Luxembourg approval followed a separate EMI license from the UK’s Financial Conduct Authority in January, bringing Ripple’s global license count past 75.
None of these developments cushioned XRP against the broader risk-off move. This price development underscores that the token’s valuation remains driven primarily by positioning and momentum rather than adoption narratives.
