$105M in XRP Longs Liquidated as Traders React to Mounting ETF Doubts

XRP Drops 8% as Longs Are Liquidated Amid ETF Delay Fears and Heavy Profit-Taking

XRP suffered a sharp 8% decline during the July 24–25 trading window, falling from a high of $3.26 to a low of $2.96, as macro uncertainty, ETF-related concerns, and aggressive profit-taking converged. The sell-off triggered over $105 million in long liquidations, adding pressure to already fragile market conditions.

The downturn came despite notable headlines around XRP’s growing corporate adoption. Nature’s Miracle unveiled a $20 million XRP treasury strategy, while Brazilian firm VERT announced a $130 million enterprise deployment built on the XRP Ledger. However, optimism around real-world use cases was overshadowed by fear that regulatory delays could push back ETF approval timelines.

Price Action and Market Dynamics

The session opened near $3.13 and saw a brief rally to $3.26, but failed to break above the established resistance zone between $3.24–$3.26. A sharp pullback followed, taking prices down to $2.96 before stabilizing in the $3.05–$3.10 region — a critical support area tested multiple times throughout the session.

Volume surged to nearly 176 million XRP, more than double the daily average, indicating capitulation among leveraged longs. The final hours saw a brief recovery to $3.08, suggesting some stability, although volatility remains elevated.

Technical Summary

• Trading Range: $2.96 – $3.26
• Resistance: $3.24 – $3.26 confirmed with multiple rejections
• Support: $3.06 – $3.10 held after repeated tests
• Final Close: $3.08
• Volume: 175.94M XRP traded
• Liquidations: Over $105M in XRP long positions flushed

According to Coinglass, over $18 billion in total crypto liquidations occurred during the same 24-hour period — highlighting broader market fragility.

Macro Context

The sharp decline in XRP coincided with a 0.70% drop in the Dow Jones Industrial Average, which failed to hold above the 45,000 resistance level. The equities pullback signaled investor caution, further weighing on risk assets including cryptocurrencies.

Market Focus Going Forward

• Can XRP maintain support at $3.06–$3.10?
• Will U.S. regulators offer clarity on XRP ETF timelines?
• Are institutions preparing to re-enter above $3.15?
• Will broader crypto markets stabilize after widespread liquidations?

Despite the turbulence, XRP’s structural support remains intact for now — but further clarity on regulation and ETF progress will be key to determining the next leg of the trend.