- XRP crashed from $2.83 to $1.25 as over $700 million in positions were liquidated.
- This marks the largest single-day wipeout in the token’s history.
- Despite the chaos, some analysts predict it could still close the week as its most bullish candle ever.
The crypto market witnessed one of its most brutal days in history, with over $19 billion in trading positions liquidated within 24 hours. The shock triggered a massive sell-off across global markets, wiping $1.65 trillion from U.S. stocks.
XRP was among the hardest hit, plunging 56% from $2.83 to $1.25 in just hours before staging a swift rebound. The event marked XRP’s steepest single-day decline in years and cemented October 10 as one of the most volatile trading days in crypto history.
‘XRP Black Swan’ as Record Liquidations Hit $700 Million
Community analyst Chad Steingraber described the event as …
Read The Full Article XRP Crashes 56% as $700 Million in Longs Liquidated: What Happened Next On Coin Edition.
Source: https://coinedition.com/how-xrp-lost-half-its-value-and-still-bounced-back-within-hours/