XRP Price Falls to $1.17 as $30 Million in Long Positions Face Liquidation

In Brief:

• XRP traders suffered over $30 million in long liquidations across five days as declining prices triggered widespread leveraged trading losses.
• Binance recorded $8.06 million in XRP liquidations, while technical indicators showed weakening momentum and resistance forming near the $1.271 level.
• CoinGlass identified $1.1588 as a critical downside liquidation level, with further price declines potentially triggering additional forced position closures across exchanges.

XRP traders have suffered more than $30 million in long liquidations over five days as declining prices triggered widespread losses. According to CoinGlass data, XRP dropped to $1.1799 as liquidation activity accelerated following its failed November 4 recovery.

XRP Long Liquidations Surge as Binance Records $8 Million in Losses

XRP derivatives markets recorded $16.75 million in daily liquidations on Friday, representing 2.74 times the weekly average. Long positions accounted for $16.01 million, representing 95.54% of total liquidations, while short traders lost approximately $746,000.

Binance recorded the largest liquidation volume among exchanges, with $8.06 million in XRP positions closed during the downturn. Meanwhile, more than 3,600 traders reportedly lost their leveraged positions as falling prices triggered additional liquidations across trading platforms.

The losses followed a failed recovery attempt on November 4, when traders increased bullish exposure before XRP reversed direction. As prices declined, exchanges automatically closed positions that failed to meet margin requirements, adding selling pressure to the market.

XRP Price Breaks Key Moving Averages as Selling Pressure Increases

XRP declined 6.41% during the reported period, bringing its spot price to $1.1799 amid sustained selling pressure. TradingView data showed XRP trading below its 50-period and 100-period exponential moving averages, indicating weakening price momentum.

The 100-period exponential moving average stood near $1.271, establishing a potential resistance level for recovery attempts. Additionally, the Relative Strength Index reached 33.21, reflecting weak buying momentum following the recent price decline. The weekly candlestick displayed a long upper wick, suggesting sellers rejected attempts to sustain prices above $1.22.

XRP Faces Additional Liquidation Risks Near $1.1588

CoinGlass identified $1.1588 as a nearby downside level where additional leveraged positions could face forced closure. At the reported price, XRP traded approximately 1.79% above that threshold, leaving limited distance before another potential liquidation event.

Source: Coinglass

A separate liquidation chart identified $1.1729 as another level associated with concentrated long liquidation exposure. Further declines could expose approximately 928,900 in additional positions to liquidation, according to reported estimates.

XRP’s position below major moving averages reflects sustained bearish pressure, while nearby liquidation levels remain important for traders monitoring downside risks.