XRP fell over 6.2% in the past 24 hours, sliding to $2.26 as the broader crypto market faced a new wave of liquidations and panic selling.
According to CoinMarketCap data, XRP’s 24-hour trading volume surged nearly 100% to $7.59 billion, suggesting large-scale forced selling rather than organic accumulation. Its market capitalization dropped to $135.97 billion, erasing billions in value within hours.
Market-Wide Liquidations and Whale Shorts
The broader crypto market saw over $1.37 billion in leveraged liquidations during the last 24 hours, including approximately $650 million within a four-hour window, as per Coinglass data. Most of these were long positions liquidated during Bitcoin’s sharp move below $105,000. XRP, as a highly correlated altcoin, was caught in the cascade.
Adding to the bearish pressure, a report from Lookonchain revealed that a single whale trader on Hyperliquid profited $21 million from shorting XRP, as part of a broader $100 million short position spread across multiple altcoins. Such concentrated short exposure amplified XRP’s downward volatility, its intraday price swing reached 5.7%, one of the highest among top-10 assets.
As the price falls, the Anti-CZ Whale who added to his $ASTER shorts after CZ's buy post is now sitting on over $21M in unrealized profit across 2 wallets.
He's also shorting $DOGE, $ETH, $XRP, and $PEPE, all in profit.
His total profit on #Hyperliquid is now close to $100M!… pic.twitter.com/vfmAPf9ke6
— Lookonchain (@lookonchain) November 4, 2025
Technical Weakness
Technically, XRP’s price has broken below several key levels. It fell beneath the 38.2% Fibonacci retracement level at $2.48 and the 30-day Simple Moving Average (SMA) near $2.54, confirming short-term bearish momentum.
The Relative Strength Index (RSI-14) sits at 37.4, indicating oversold conditions but lacking bullish divergence, meaning a relief rally is possible only if Bitcoin stabilizes above the $104K mark.
Explaining the White Chart (TradingView Data)
The attached TradingView chart shows a sharp intraday downtrend for XRP/USD on Binance, with steep declines visible between $2.56 and $2.22. This drop corresponds directly to the liquidation period and hack-related panic earlier this morning.
Short-lived recovery attempts near $2.33–$2.35 repeatedly failed to hold, suggesting that sellers remain dominant. Volume spikes at the lower end of the chart indicate capitulation events, large sell orders clearing leveraged positions during thin liquidity hours.
Outlook
Analysts warn that continued whale shorting and ongoing fallout from the Balancer exploit could prolong XRP’s weakness in the short term. However, if the broader market stabilizes and oversold signals gain traction, XRP may find temporary support near the $2.20 zone before attempting a rebound toward $2.40.
For now, with 486,000+ holders and trading activity surging amid fear-driven selling, XRP’s near-term trajectory will depend heavily on Bitcoin’s recovery and whether institutional sentiment returns once DeFi risk subsides.
