XRP Drops to $2.15 Amid Long Liquidations
Key Takeaways
- XRP briefly dropped to USD 2.15 – a decline triggered by massive long liquidations.
- Long liquidations exceeded short liquidations by 1000% – a sign of extreme leverage risk.
- Despite the volatility, Ripple and XRP’s fundamentals remain stable to positive.
- Institutional developments and regulatory progress are reinforcing long-term confidence.
Massive Long Liquidations Shake the Market
On April 30, XRP experienced a sharp drop to USD 2.15. The cause: long positions worth USD 13.9 million were liquidated. In comparison, only USD 1.49 million in short positions were closed. This results in a liquidation ratio of 1000% in favour of the long side – a clear indication of an over-leveraged market structure.
Such liquidation waves occur when margin calls and stop-loss orders are triggered simultaneously. This amplifies downward pressure and leads to rapid price declines. The result: a loss of confidence among traders who had bet on rising prices.
Futures Market Shows Initial Stabilization
Alongside the price drop, open interest in XRP futures declined by about 4%. This suggests that many traders closed or reduced their positions. Such a decline can be interpreted as a “cleansing” – excessive leverage being flushed out of the market.
Shortly after the plunge, prices recovered to around USD 2.20. This level is considered psychologically important and continues to attract attention. However, sentiment remains mixed: some see the correction as an opportunity for a new uptrend, while others fear further setbacks.
Technical Indicators Remain Inconclusive
The Relative Strength Index (RSI) is currently around 55 – a neutral value that signals neither overbought nor oversold conditions. The On-Balance Volume (OBV), an indicator of volume momentum, shows no clear upward trend. This points to a wait-and-see attitude in the market.
Traders should pay close attention to volume, support zones, and market reactions during this phase. The next price impulse will be decisive for the short-term direction.
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Fundamental Developments Support XRP
Despite short-term price volatility, the fundamental outlook for Ripple and XRP remains positive. The U.S. Securities and Exchange Commission (SEC) has suspended its appeal in the case against Ripple – a move that opens up new opportunities for partnerships with U.S. banks.
In addition, Ripple has successfully launched its RLUSD stablecoin. The project has already reached a market capitalization of over USD 300 million. There is also significant movement on the institutional level: the acquisition of broker Hidden Road, which processes over USD 10 billion daily, underscores Ripple’s ambitions in the institutional space.
Another signal: more than ten applications for XRP spot ETFs (exchange-traded funds) have been submitted. Approval chances are currently estimated at over 80%.
Our Assessment
The recent price decline in XRP is primarily due to an over-leveraged market structure. Such corrections are not unusual in volatile markets and can even be healthy in the long term. The fundamental data continues to support XRP: regulatory progress, institutional integration, and stable network activity.
If you are invested in XRP or considering entering, you should not overestimate the short-term volatility. What matters is how the market reacts around the USD 2.20 level in the coming days. In the long run, XRP remains a project with a solid foundation and growing institutional interest.
Sources
- CoinGlass
- TradingView
| Symbol | XRP |
| Coin type | Alt Coin |
| Transaction Speed | High |
| Pros |
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| Cons |
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| Further practical applications | |
| Price | $2.21 |
| 24h % | -1.20 % |
| 7d % | 0.65 % |
| 30d % | 4.74 % |
| 60d % | -16.90 % |
| 1y % | 330.83 % |
| Official Links | Website |
| Socials | X |
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