XRP Longs Face Biggest Wipeout Since October: What Traders Risk by Re-Entering Now
- XRP long liquidations hit $38.58M on Aug. 22, the biggest since October 2025.
- XRP futures open interest rebounded to $3.59B, above the pre-washout $3.44B level.
- A drop from $1.48 to $1.42 erases 40.5% of the 10x margin and about 81% at 20x.
XRP traders are returning to a market that has recovered from a major liquidation shock after a Trump-driven crypto rally encouraged heavily leveraged long positions. CryptoQuant data show that $38.58 million in XRP longs were liquidated on Aug. 22, the largest such event since Oct. 10, 2025.
Meanwhile, short liquidations reached $6.5 million during the same move. Unlike October’s tariff-triggered market-wide sell-off, the August liquidation followed optimism around Trump’s crypto-policy push. That optimism drove XRP sharply higher before the reversal unwound crowded bullish leverage.
That washo…
Read The Full Article XRP Longs Face Biggest Wipeout Since October: What Traders Risk by Re-Entering Now On Coin Edition.
This content is automatically aggregated. Full credit goes to the original publisher (coinedition.com).
