XRP Slides 4.77% as 30-Year Treasury Yield Hits 24-Year High, Long Liquidations Accelerate

United States spot XRP exchange-traded funds (ETFs) attracted $3.14 million of net inflows on October 6, 2026, but XRP still extended losses over the past day. As of October 7, XRP was trading around $1.42, down 4.77% in the last 24 hours. The selloff wiped more than $4.4 billion from the token's market value, taking market capitalization to about $90.3 billion, based on CoinMarketCap data reviewed by Finbold. Activity picked up sharply, with 24-hour trading volume jumping nearly 77% to $3.1 billion. The surge in turnover coincided with traders adding to short exposure. Market pressure intensified after the U.S. 30-year Treasury yield climbed to a 24-year high of 5.72%, weighing on risk appetite across crypto. XRP also appeared to be caught in a long squeeze, as a fast drop triggered forced selling from leveraged buyers. Liquidations data showed $19.14 million in XRP long positions closed out over the past 24 hours versus $518,360 in shorts, according to CoinMarketCap. Open interest (OI) in XRP derivatives stood at $7.5 billion, while 24-hour derivatives volume reached $18.08 billion. Despite the day's decline, XRP remains up 2.43% over the last 30 days. From a technical perspective, the move brought price back to retest its June 2026 breakout level. Elevated volume and the latest spot ETF inflows point to continued institutional interest even as near-term sentiment turned risk-off. Featured image via Shutterstock.