u.today
$XRP has suffered a severe liquidation imbalance of 537% as the broader cryptocurrency market lost $285 million. CoinGlass data reveals that long position traders lost $3,220,000 in the last 24 hours as price volatility continued to upturn investors’ projections on the asset.
Long traders hit hard as $XRP price fails to sustain recovery
With $XRP showing signs of recovery, market participants were betting on a rebound that could see prices climb to the $1.50 level. This positive sentiment led to a huge commitment on the part of investors, who have now been left stunned by the asset’s performance.
$XRP fluctuated between a daily peak of $1.32 and a low of $1.28 to upset bullish traders. The coin failed to recover as anticipated, leading to over $3.2 million in liquidations.
As of this writing, $XRP exchanges hands at $1.31, which reflects a 0.37% increase in the last 24 hours. This falls short of market participants’ expectations and keeps $XRP’s weekly decline to 2.69%. Despite the disappointment, trading volume remains up by 2.47% at $2.06 billion within the same time frame.
The continued engagement from the $XRP community might be because of the asset’s historical bullish performance in April. It is likely that traders are remaining optimistic that a breakout in price could occur at any moment. If so, these bulls do not want to be prevented from profiting off of the uptick.
Interestingly, those betting short on $XRP were not spared from losses within the period. These short position traders recorded a mild liquidation of $504,790 when compared with longs.
Weak Q1 performance raises concerns for $XRP investors
$XRP holders need a better performance in price to keep interest in the asset high. This is understandable given that $XRP closed Q1, 2026, with the biggest loss since 2018. Notably, $XRP plunged by 27.1%, with a price of $1.33.
The current price outlook of the coin shows that it is performing below the poor first-quarter figure. Unless momentum shifts, traders might begin to move their funds to other assets on the crypto market.
As per a recent U.Today report, the technical picture on the monthly chart of $XRP against Bitcoin is looking bearish. The figures suggest that the altcoin might risk entering a prolonged period of decline against the leading cryptocurrency.
Analysts project a possible 41% decline when compared against Bitcoin, particularly if the broader market continues to witness downward pressure.