Key Insights
- Crypto market liquidations reached $485 million in 24 hours, erasing $100 billion in total market capitalization amid renewed trade uncertainty.
- XRP trading volume surged 77% to $2.43 billion as price fell 3.49%, signaling aggressive repositioning during heightened volatility.
- XRP recorded $1.93 billion in weekly realized losses, its highest since 2022, while daily ledger transactions climbed toward 2.5 million.
The crypto market recorded $485 million in liquidations over the past 24 hours as selling pressure intensified across major digital assets. Data from CoinGlass shows that traders faced heavy forced closures as prices weakened during the early Monday session. Besides the liquidations, the total crypto market capitalization declined by roughly $100 billion within the same period.
Data from CoinGecko indicates that the broad market retreat followed renewed uncertainty around global trade and tariff discussions. Consequently, investors reduced exposure to risk assets, including cryptocurrencies. Weak liquidity conditions amplified the downward move and increased volatility across major trading pairs.
XRP Declines as Volume Expands
XRP mirrored the broader market decline and fell 3.49% over the last 24 hours to trade at $1.37. Weekly losses extended to 6.51% as sellers maintained control in the short term. However, trading activity increased sharply during the same period.
According to CoinMarketCap, XRP trading volume surged 77% to reach $2.43 billion. This rise in activity reflects repositioning among traders as volatility picked up. Moreover, derivatives markets reported notable imbalances, highlighting aggressive short positioning during the downturn.
Realized Losses Reach Multi-Year High
On-chain data reveals that XRP posted approximately $1.93 billion in weekly realized losses, marking the largest spike since 2022. Analytics platform Santiment tracked the surge as investors sold holdings below their original purchase prices. Significant realized losses typically signal capitulation as holders lock in losses rather than wait for a recovery.
Santiment noted that when XRP recorded a similar realized loss milestone 39 months ago, the token advanced 114% over the following eight months. Hence, the current data point stands out for market participants monitoring historical behavior patterns. Additionally, the metric suggests that fear-driven selling dominated recent sessions.
Network Activity Climbs Despite Price Pressure
Despite price weakness, activity on the XRP Ledger increased steadily. Daily successful transactions rose nearly 40% and approached 2.5 million. This growth indicates sustained network usage even as market prices remain below key moving averages.
Moreover, the rise in on-chain transactions contrasts with negative sentiment in derivatives markets. Traders continue to respond primarily to macro developments rather than project-specific updates. Consequently, XRP remains closely aligned with broader market direction in the near term.
