---
title: "Ripple’s XRP Crashes Double Digits"
url: https://diffcoin.com/ripples-xrp-crashes-double-digits/
description: "XRP dropped well below its previous all-time high."
published: 2025-07-24
updated: 2025-07-24
author: "Mila"
site: "Diffcoin"
---

# Ripple’s XRP Crashes Double Digits

Most altcoins have headed south over the past several hours, and the second-largest is no exception.

XRP, which was among the top performers until yesterday evening, has plunged by double-digits to a new weekly low. As such, it has caused substantial losses to over-leveraged traders, even more than BTC.

![XRPUSD. Source: TradingView](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCAxODM1IDg1MCIgd2lkdGg9IjE4MzUiIGhlaWdodD0iODUwIiBkYXRhLXU9Imh0dHBzJTNBJTJGJTJGY3J5cHRvcG90YXRvLmNvbSUyRndwLWNvbnRlbnQlMkZ1cGxvYWRzJTJGMjAyNSUyRjA3JTJGWFJQVVNELTcucG5nIiBkYXRhLXc9IjE4MzUiIGRhdGEtaD0iODUwIiBkYXRhLWJpcD0iIj48L3N2Zz4=)

XRPUSD. Source: TradingView

What goes up, must come down, right? This narrative proved correct for Ripple’s cross-border token, which was in an ‘up only’ mode for over a week. Recall that the asset broke out of its consolidation range ($2.2-$2.3) where it spent a month or so last week and shot up above $3 in days.

The bulls kept the pressure on and, after more than seven years, XRP made history by breaking above its January 2018 all-time high of $3.4, and it set a new record at over $3.65. Thus, the cryptocurrency had gained more than 50% in a week or so, and its market cap flew past the $200 billion mark.

What followed were a few days of sideways trading between the previous and the latest ATHs. However, the bears took control in the past 12 hours or so, pushing XRP south hard.

In a matter of hours, the third-largest cryptocurrency plummeted from almost $3.6 to under $3.05, losing roughly 15% of its value. Although it has recovered some ground since then, it’s still down by over 11% daily.

This sudden but painful drop has resulted in a lot of pain for over-leveraged traders who were long on XRP. Data from CoinGlass shows that XRP longs were liquidated for over $93 million on a daily scale, which is second only to ETH and above BTC’s $70 million.

![Liquidation Heat Map. Source: CoinGlass](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCAxMzY1IDQ1NiIgd2lkdGg9IjEzNjUiIGhlaWdodD0iNDU2IiBkYXRhLXU9Imh0dHBzJTNBJTJGJTJGY3J5cHRvcG90YXRvLmNvbSUyRndwLWNvbnRlbnQlMkZ1cGxvYWRzJTJGMjAyNSUyRjA3JTJGU2NyZWVuc2hvdC0yMDI1LTA3LTI0LTA4MjEyMy5wbmciIGRhdGEtdz0iMTM2NSIgZGF0YS1oPSI0NTYiIGRhdGEtYmlwPSIiPjwvc3ZnPg==)

Liquidation Heat Map. Source: CoinGlass

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[Source link](https://cryptopotato.com/ripples-xrp-crashes-double-digits-90m-in-long-positions-wiped-out/)