- XRP long traders suffer huge losses amid sharp liquidation imbalance.
- Whale wallet enters $16.6M XRP long with urgent market orders.
- XRP trading volume spikes 62%, signaling increased investor accumulation.
XRP has captured market attention with a sharp 2.56% price increase over the past 24 hours, trading at $3.26. While the price trend appears bullish, an extraordinary liquidation imbalance has sparked intense speculation across the crypto space.
Data from CoinGlass shows that XRP long traders suffered massive losses following unexpected price action. After just an hour, XRP liquidations totaled $803,388.84. Of that, long positions contributed $803,170, and short traders had a market of only $218.84 based on liquidations.
This left an outrageous 366,000% liquidation gap between shorts and long positions. The imbalance was trailed by a sharp rise in XRP after it reached a local low of $3.10 to before moving back to the $3.20 range.
Derivatives platforms had to do forced liquidations on leveraged long traders who had placed bets on a long rally, whilst other traders scrambled to increase their margin levels as the forced liquidations were executed.
XRP, nonetheless, continued with its bullish run and consolidated around primary resistance levels.
Besides the price activity, XRP’s trading activity recorded a massive increase. According to CoinMarketCap data, the daily trading volume rose by 76.51 per cent to $6.79 billion. This is an indication that traders are re-taking interest and that big players in the market might start accumulating it.
Also Read: XRP Path to $15 Revealed, Passing Through These 3 Targets Before September: Analyst
Whale Movements Deepen Market Dynamics
Market fluctuations were further fueled by notable whale transactions. An anonymous whale entered three large long positions on XRP at $3.20 on Hyperliquid. The total value of the trade reached $16.62 million, backed by 2x isolated leverage and amounting to 5,175,112 XRP.
Blockchain tracker Whale Alert also reported a significant transfer involving over $53.4 million worth of XRP moved to Coinbase. This large-scale shift occurred during a period of cautious sentiment, amplifying speculation about whale-led market moves.
On-chain analyst Ali Martinez noted that whales accumulated over 130 million XRP in 24 hours. These transactions came as XRP attempted to recover from recent price corrections, indicating confidence from deep-pocketed investors during market uncertainty.
New Wallet Enters with Aggressive XRP Long
Meanwhile, a newly activated wallet entered the XRP market with a $16.6 million long position. The move was executed using 2x isolated leverage and split across three rapid market orders.
According to HypurrScan, the entries occurred at $3.2029, $3.2051, and $3.2061.
This shift came after several large limit orders near $3.45 failed to fill. Rather than wait, the wallet opted for market execution, indicating urgency and high conviction.
At the time of writing, XRP trades slightly above $3.21, keeping the position narrowly profitable. The wallet’s strategy aligns with the token’s mid-range support bounce and intraday Bollinger Band activity.
The wallet now holds $22.7 million across two trades—XRP and SOL. While the XRP trade has $87,227 in unrealized gains, SOL adds $9,672. However, rising funding costs are beginning to reduce profit margins, with combined fees exceeding $21,500 so far.
Conclusion
XRP’s recent rally has not only driven a price surge but also triggered an unprecedented 366,000% liquidation disparity between long and short positions. With new wallet activity, increased whale accumulation, and surging volume, the market remains highly reactive.
Traders are closely monitoring developments as volatility continues to shape XRP’s trajectory.
Also Read: Japan’s MUFG Bank Set to Tokenize Real Estate, Puts XRP in Focus – Here’s How
