XRP Crash: Oh, The Drama! 😱

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A Rather Unpleasantness

A Spot of Bother for XRP, Darling?

Good heavens, it appears someone had a bit of a tumble! Over $610 million in long positions vanished into thin air on the 11th of October-the largest such debacle in XRP’s rather brief history. Honestly, one does worry about these modern financial instruments. So frightfully sensitive, aren’t they?

Is it Picking Itself Up, Dusting Off, and Carrying On?

Open Interest and Funding Rates are attempting a ghastly semblance of stability, but the price action remains decidedly…temperamental. One simply can’t predict these things, can one? 🙄

Ripple’s XRP is, shall we say, attempting a recovery after a most unfortunate incident. Months of impeccable (or not so impeccable) behaviour seemingly undone in a flash.

More than $610 million in long positions found themselves unceremoniously dumped onto the market on the 11th of October across various exchanges. Some are calling it a “Black Swan” event. Really, the hyperbole! It’s simply a correction, my dears-albeit a rather large one.

However, those tenacious buyers aren’t quite ready to wave the white flag.

XRP Liquidation: A Most Uncomfortable Episode

The XRP market experienced something of a… thorough cleansing over the weekend. A staggering $610 million in long positions met their demise across Binance, OKX, and Bybit.

The largest single-day liquidation event in XRP’s history! One shudders to think.

Those frightfully eager leverage-heavy traders were taken completely by surprise by a decidedly swift price drop. It triggered a most undignified scramble of margin calls and stop-loss liquidations. A cautionary tale for us all, I suppose. 🎭

Despite all the kerfuffle, exchanges like Hyperliquid and Bybit are already seeing renewed enthusiasm, with traders betting on a swift return to form – even if short-term volatility refuses to behave itself. Some people simply *must* gamble, don’t they?

Futures market stabilizes post-crashout

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2025-10-15 05:20