XRP Plunges 17% in Steepest One-Day Drop Since 2025 as $46M in Leveraged Longs Get Wiped
Yahoo Finance·2026-02-06 16:13

A wave of leveraged liquidations totaling 46milliondraggedXRPtoitssteepestonedaydropinoverfourmonths.ThisdropcontrastsRipplessuccessfulbidsfornewregulatoryapprovalsacrossEurope.KeyTakeaways:XRPfellmorethan1746 million dragged XRP to its steepest one-day drop in over four months. This drop contrasts Ripple’s successful bids for new regulatory approvals across Europe. Key Takeaways: – XRP fell more than 17% to about 1.25 on Thursday, its worst one-day performance since October 2025, as broader crypto markets plunged. – Roughly 46millioninXRPderivativeswereliquidatedin24hours,with46 million in XRP derivatives were liquidated in 24 hours, with 43 million coming from leveraged long positions, according to CoinGlass da ...