Massive $17,700,000 XRP Long Wipeout – What’s Happening?

• XRP suffers $17.7M long wipeout as traders face volatility.
• Ripple’s massive token transfer sparks renewed selling pressure in market.
• Analysts note sharp recovery as XRP inflows climb above $5.8M.

A wave of volatility swept through the XRP market after a massive $17.7 million long wipeout shook traders across major exchanges. According to crypto analyst Chad Steingraber, this marks the largest XRP long liquidation since September 24, signaling another intense round of leveraged losses.

At the time, XRP traded around $2.885, with CoinGlass data showing heavy liquidations across multiple platforms. Binance recorded $3.57 million in long positions against $365,000 in shorts, while Bybit posted $8.93 million in longs compared to $166,000 in shorts.

Exchanges like OKX, HTX, and Hyperliquid also saw smaller but notable liquidations as traders rushed to exit overleveraged positions.

Also Read: Ripple (XRP) Secures Big Win – Here’s What Happened

Traders React as Market Rebounds

Despite the steep losses, Steingraber reported that XRP had already reversed direction, with $5.82 million in net inflows recorded soon after the sell-off. The quick recovery reflects renewed confidence among traders who re-entered the market after the sharp correction.

Earlier in September, XRP faced a $75 million long wipeout, followed by inflows of over $9 million led by Korean traders. The latest pattern suggests investors continue to exploit market dips, seeking short-term profit opportunities.

Meanwhile, data from Bitmex and CoinEx revealed minimal short activity during the event, hinting at a cautiously optimistic outlook. The return of inflows points to persistent trader interest even amid heightened volatility.

XRP Faces Renewed Selling Pressure

Amid the recovery, XRP has slipped to fifth place among top cryptocurrencies after facing renewed selling pressure and a sharp decline. CoinMarketCap data shows XRP trading at $2.87, down 3.32% in 24 hours. Its market capitalization has dropped to $171.89 billion, though daily trading volume surged more than 10% to $7.18 billion, reflecting intense activity.

The decline began when XRP failed to hold above the $2.96 level, triggering heavy sell-offs that pushed prices to $2.85 before a minor rebound. Whale Alert also reported Ripple’s transfer of 200 million XRP, worth $610 million, to an unknown wallet—fueling speculation of further selling and adding pressure to an already tense market.

Whether inflows can outweigh selling pressure will determine if XRP can reclaim stability above the $3 threshold.

Also Read: Pundit: ETF Liquidity Surge Could Drive XRP 30–50% Upside

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