Short Positions Make up 70% of XRP Liquidations as Price Now Eyeing First Monthly Gain of the Year

Recent $XRP liquidation data shows short traders have taken most of the losses over the past 24 hours, as $XRP’s price eyes its first monthly gain of the year.

Specifically, short liquidations make up 68.5% of the total, accounting for nearly 70% of the $5.33 million recorded in the last 24 hours. This suggests that many traders betting against $XRP were forced out of their positions as the price recently rebounded.

Key Points

• $XRP short liquidations dominated the past 24 hours, accounting for 68.5% of total liquidations.
• $XRP futures trading volume has spiked above $4 billion, with Binance accounting for $1.3 billion.
• The $XRP price now sees a 7.51% gain this month, putting it on track for its largest monthly gain in 2026.
• The asset has rebounded 11.8% from its April 5 low following a breakout above a multi-month symmetrical triangle.

Short $XRP Liquidations Hit $5M Amid Volume Spike

$XRP futures market data from Coinglass confirms the bullish trend despite a skew toward bearishness in the last 12 hours.

Specifically, in the 1-hour timeframe, total liquidations stood at $64,220, with longs contributing just $43.06, while shorts made up $64,170. Over 4 hours, liquidations reached $80,440, including $13,740 in longs and $66,690 in shorts.

Meanwhile, in the 12-hour period, total liquidations rose to $2.04 million, with $1.23 million from longs and $805,980 from shorts. Over the full 24 hours, total liquidations hit $7.77 million, with $2.44 million from longs and a much larger $5.33 million from shorts.

Interestingly, further data indicates that $XRP’s futures volume has spiked in the last 24 hours, reaching $4 billion. Binance dominates this volume with $1.30 billion, making it the main hub for $XRP trades.

Below Binance, MEXC records $701.79 million, followed by Bybit with $531.59 million. Coinbase reports $472.61 million, while Bitget comes in at $356.22 million.

$XRP Eyes First Monthly Gain of the Year

The recent activity spike comes amid $XRP’s latest rebound effort. Notably, the price currently stands at $1.4391, showing a 2.4% gain over the past 24 hours and a 7.51% increase for the month. This puts $XRP on track for its first monthly gain in 2026 and its second-largest monthly gain in 15 months.

If $XRP closes April 2026 with gains, it will end a long losing streak that started in October 2025. From October 2025 to March 2026, the price dropped by 52%, marking six straight months of losses, something not seen since 2014. April began with the same downward trend but has now turned positive and may break the streak.

Also, the recovery push looks stronger when viewed from recent lows. $XRP has risen 11.8% from its April 5 low of $1.279, showing that buyers have stepped in at lower levels.

What Next for $XRP?

From a technical view, $XRP recently broke above a symmetrical triangle pattern that had limited its price since it fell from the $2.41 high in January 2026.

Specifically, the breakout happened on April 13. From there, the price pulled back to test the top of the pattern, and the latest move up seems to come from holding that level as support.

Meanwhile, momentum indicators give mixed signals. The Directional Moving Index (DMI) supports the upward move, with the +DI at 24.85 staying above the -DI at 14.32, which shows buyers are still in control. However, the ADX sits at 11.69, indicating weak momentum.

At the same time, $XRP trades slightly above the upper Bollinger Band at $1.4287, which has now turned into support. This level may help hold the price if it dips. Below that, the mid-band, which represents the 20-day simple moving average (SMA), sits at $1.35 and acts as the next key support level if selling pressure increases.