XRP Longs Hit Hard as Crypto Liquidations Near $285M

XRP traders bore the brunt of the latest crypto selloff, as total forced liquidations across the market approached $285 million over the past 24 hours. Data from CoinGlass showed a pronounced skew in XRP liquidations, with long positions taking substantially larger losses than shorts as bullish bets unraveled. Over the period, XRP long liquidations reached about $3.22 million, compared with roughly $504,790 for shorts. The disparity drove XRP's liquidation imbalance to 537%, underscoring how quickly sentiment turned as upside momentum faded. The wipeout came despite a modest uptick in price. XRP was last at $1.31, up 0.37% in 24 hours. Trading activity remained firm, with daily volume rising 2.47% to $2.06 billion, even as the token failed to extend a rebound attempt. Traders had been positioned for a move back toward $1.50, but price action stalled in a narrow band between $1.32 and $1.28. The rangebound move trapped leveraged longs and prompted rapid forced exits across exchanges. XRP's weekly performance stayed negative, down 2.69%. Some participants remain engaged heading into April, a month in which XRP has previously delivered strong gains. That seasonal backdrop may be helping sustain activity after the shakeout, even though the chart has yet to confirm renewed strength. Pressure has been building after a weak start to the year. XRP closed the first quarter of 2026 down 27.1%, its steepest quarterly decline since 2018. Separate technical analysis of XRP versus Bitcoin also points to downside risk, with analysts flagging the possibility of a 41% drop against BTC if broader market weakness persists.