Over the past 24 hours, $ 20.33 million worth of XRP positions have been liquidated amid volatility. At the same time, about 63% of the losses were accounted for by long positions, which indicates overestimated expectations of price growth among traders. CoinGlass analysts attribute this trend to general investor concerns caused by global economic instability, including trade conflicts and customs restrictions, which are currently putting additional pressure on the crypto market.
XRP’s decline comes amid a general negative sentiment among investors: Nasdaq-100 futures fell by more than 3%, and this trend has spread to cryptocurrencies. Despite the fact that XRP showed rapid growth in the fourth quarter of 2024, in the first quarter of 2025, the positive dynamics gave way to a decline due to a general decline in interest from retail investors.
As a reminder, last month, a well-known trader John Bollinger predicted that XRP could become a new market leader due to its stability. However, recent events did not confirm these expectations: the cryptocurrency was unable to withstand the bearish trend that swept the market.
According to the Glassnode analytical platform, about 5% of the total supply of XRP has left the profitability zone. For comparison, Dogecoin DOGE $0.16 Binance-Peg Dogecoin -9.50% Market capitalization $0.41 billion VOL. 24 hours $0.22 billion has an even higher figure of almost 10%. This indicates a decline in the token’s profitability amid a market correction and weakening interest from investors.