- Main event, massive XRP liquidation imbalance
- $37.85 million in long positions
- XRP price dropped, market concern
XRP faced a historic liquidity imbalance on July 23, 2025, as its price dropped sharply, leading to massive long position liquidations.
Unprecedented Liquidation Levels
The dramatic liquidation constitutes a historic 10,409% imbalance primarily affecting long positions as XRP’s price declined from $3.38 to $3.26. This event resulted in a wipeout of $37.85 million in long positions. Market analysts from CoinGlass have noted the scale of this event, emphasizing the potential ongoing trend of high leverage and speculative trading behaviors.
Community and Market Reactions
The entities involved included large-scale XRP traders, market makers, while no direct statements from Ripple executives or community figures were made. Market watchdogs noted the unusual scale of this event, albeit with no formal acknowledgment from Ripple. The
TradingView platform offers additional insights into the market volatility observed during this period.
XRP experiences a historic 10,409% liquidation imbalance, primarily impacting long positions, noted CoinGlass, an on-chain data provider.
Markets observed increased volatility and potential overleverage, echoing concerns about systemic risk within crypto environments. Though only XRP had the greatest disproportionate liquidations, ETH and BTC were also affected but by volume rather than ratio.
There was a significant impact on aggregate cryptocurrency liquidity, as XRP’s liquidations were part of a broader market trend. No institutions have shifted funding or policies in response at this time, emphasizing it as a market-centered outcome.
Past similar events saw large XRP liquidation spikes, though at lower percentages. Analysts suggest the trend could persist, citing high leverage and speculative trading behaviors across major derivatives exchanges and as highlighted by The Tradable.
