u.today
The last 24 hours in crypto looked like one giant margin call, with over $607 million in leveraged bets wiped out across exchanges. Bitcoin alone saw $149.48 million liquidated, Ethereum traders lost $174.54 million and Solana and $XRP followed with $27.34 million and $15.67 million, respectively.
The imbalance was brutal: $420.76 million in longs got "rekt" compared to $186.87 million shorts, a perfect storm for those who became too bullish.
$XRP could find support at $2.73. If it holds, a rebound to $3.10 is likely! pic.twitter.com/icugzPfPE4
— Ali (@ali_charts) October 9, 2025
For $XRP, the bloodbath coincides with a technical setup that actually sharpens the focus. Ali Martinez mapped $2.73 as the line that needs to hold, a support that, if respected, could fuel a rebound to $3.10. With $XRP now hovering just under $2.80 after back-to-back dips, the proximity to that support makes it one of the most interesting charts on the board.
The liquidation data backs this up: the “max pain” for shorts sits at $3.149, meaning bears would be squeezed hard if $XRP takes even a modest leg higher.
Pain or relief?
Across the board, it is pretty much the same story: Bitcoin's short pain zone is $126,500, ETH's is $4,797 and Solana's is $242 — all just above where spot trades are right now. That is why exchanges just flushed hundreds of millions in positions; traders crowded one side of the book and the market flipped it.
The funny thing is that $XRP's best case is also its simplest. If $XRP can hold $2.73 and push through $3.10, the market will get some relief but also trigger liquidations on the other side. That is why $XRP's "best case" is not just survival but potentially the most profitable reversal in this liquidation-soaked week.