XRP Longs Take the Hit: 2,008% Liquidation Imbalance as Price Slides to $1.27

24 Oct 2026

24 Oct 2026, 17:43 UTC+02:00

Altcoins TradeReviewed News Desk

XRP bulls had a rough Saturday. The token dropped 3.09% over 24 hours to around $1.27, extending a slide that began with Thursday’s sharp decline into a third straight day, U.Today reported. Traders who had positioned for a rebound were caught on the wrong side.

Longs liquidated 20 times faster than shorts

According to CoinGlass data cited by U.Today, XRP saw $7.92 million in total liquidations. Long positions made up $7.55 million of that, while shorts accounted for only $375,910. The result is a liquidation imbalance of 2,008%, meaning leveraged bullish bets were wiped out at a far higher rate than bearish ones.

The selloff was not limited to XRP. Across the crypto market, $667.71 million in positions were liquidated over 24 hours, and $528.30 million of that came from longs. Renewed pressure in global markets erased gains from earlier in the week, with Bitcoin slipping below $80,000 on Saturday as CoinDesk linked the move to reports of U.S. evacuations across the Middle East.

On-chain data tells a different story

While price is weak, network activity keeps growing. Santiment data cited in the report shows the XRP Ledger reached a record 8.24 million non-empty wallets, and network growth hit 4,772 new wallets in a single day, the fifth-largest spike since March.

XRP’s MVRV ratio sits around 0.92, which means the average holder is in a net loss. Historically, that has been a lower-risk zone than periods when holders sit on large profits, though it is no guarantee of a bottom.

Levels to watch

• $1.40: the first resistance. U.Today’s analysis says a sustained move above it, with daily new wallets near or above 4,000, could open a quick return to $1.50.
• $1.30: already lost on Saturday. If new-wallet creation also drops below roughly 3,000 a day, the adoption signal weakens in the short term.

There was also positive ecosystem news: Swiss-regulated platform Arf is partnering with Ripple to bring RLUSD-powered settlement liquidity to licensed cross-border payment firms on the XRP Ledger.

What it means for traders

• Leverage is the main risk. A 2,008% imbalance shows how crowded the long side was. Lower leverage and wider stops help survive weekend wicks.
• Watch funding and liquidation maps. One-sided liquidations can flush out weak hands, but they can also continue if the broader market keeps falling.
• Choose a solid venue. Compare fees, liquidity and risk tools in our exchange comparison, see how we test exchanges, or read our BingX and OKX reviews.

This article is for information only and is not investment advice.

Related reviews

• Bingx review
• Okx review

Sources

• U.Today: XRP Hit by 2008% Liquidation Imbalance as Market Selloff Intensifies
• CoinDesk: Bitcoin price news: BTC falls below $80,000 on renewed Middle East worries

News is for information only and is not financial advice. More crypto news