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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 $46 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 $46 million in XRP derivatives were liquidated in 24 hours, with $43 million coming from leveraged long positions, according to CoinGlass da ...