July 27, 2025

XRP Longs Are Being Wiped Out in Biggest Flush Ever

3 min read

XRP traders endured a brutal blow this week as overleveraged long positions were liquidated in what crypto analyst Chad Steingraber called the “biggest flush ever.” According to his post on X, XRP long positions worth a staggering $82.5 million were wiped out, marking one of the most aggressive liquidation events in the token’s history. The Collapse After the Climb XRP had recently been riding high, hitting a multi-year peak above $3.65, fueled by investor optimism and strong momentum. But that rally came to a screeching halt. In just a few hours, XRP tumbled sharply, crashing from the $3.60 range down to the $3.00 zone. The sharp decline sparked a wave of liquidations , hitting traders who had heavily invested in anticipation of further price gains. Data from platforms such as CoinGlass confirmed that XRP long positions were particularly hard hit. Over $88 million was liquidated in longs over the past 24 hours. Chad Steingraber’s estimate of $82.5 million in liquidations for specific timeframes confirms the massive scale of the event. I’m tellin’ ya… they’re just wiping out the XRP Longs. Biggest flush ever at $82.5Million. https://t.co/s6NtRxVYNd pic.twitter.com/kGH2D4JviJ — Chad Steingraber (@ChadSteingraber) July 23, 2025 Leveraged Traders Left Reeling The broader crypto market also suffered during this liquidation cascade. Over $700 million in leveraged positions was wiped out in 24 hours, with nearly 85% of those losses attributed to long traders. XRP was among the biggest losers during the correction, highlighting the dangers of over-leveraging during rapid price surges. This event is a harsh reminder for traders: while leverage can amplify profits, it also dramatically increases exposure to rapid reversals. With sentiment shifting from greed to caution almost overnight, many traders were left on the wrong side of the trade, and with empty wallets. What Comes Next for XRP? Despite the carnage, XRP is showing signs of stabilization. The token is currently trading around the $3.00–$3.10 range, hovering above key support zones. However, technical indicators suggest more volatility ahead. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 XRP’s Relative Strength Index (RSI) plunged from overbought territory near 88 to 68, while the MACD is teetering on a bearish crossover. If prices fail to recover above the $3.40–$3.66 range soon, a deeper correction toward $2.80 or lower remains a possibility. Still, the long-term outlook isn’t entirely bleak. Institutional use of the XRP Ledger continues to expand. Notably, Brazil’s VERT Capital recently announced that it would tokenize agribusiness debt on XRPL, a move that highlights the growing real-world adoption of this technology. Developments like these could help support the price as short-term speculation unwinds. Final Thoughts Chad Steingraber’s warning is loud and clear: XRP just went through one of the most violent long liquidations in its history. The $82.5 million flush reflects more than just market volatility; it exposes the vulnerability of overleveraged trading strategies in unpredictable conditions. For now, the market watches with bated breath. Will XRP rebound and reclaim its recent highs, or is a longer cooldown phase underway? Either way, this week’s wipeout is a stark lesson for traders: in crypto, risk management isn’t optional, it’s everything. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP Longs Are Being Wiped Out in Biggest Flush Ever appeared first on Times Tabloid .

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