A wave of leveraged liquidations totaling $46 million sent XRP to its biggest one-day decline in over four months. This decline contrasts with Ripple’s successful bids for new regulatory approvals across Europe.
Key points to remember:
– XRP fell more than 17% to around $1.25 on Thursday, its worst one-day performance since October 2025, as broader crypto markets plunged.
– Around $46 million in XRP derivatives were liquidated in 24 hours, including $43 million from leveraged long positions, according to CoinGlass data.
– Despite the sharp decline, XRP spot ETFs continued to attract net inflows, bringing in around $24 million this week and bringing cumulative inflows to over $1.2 billion since their launch in November 2025.
The price of XRP has fallen more than 17% in the past 24 hours to around $1.25, making it the worst-performing major token of the day. Bitcoin fell around 10% to $65,000 during the same period, while Ethereum fell below $2,000 and Solana traded near $82 as the sell-off widened across the entire crypto market.
The move extended XRP’s weekly losses to nearly 30% and sent its market capitalization down to around $75 billion, a sharp drop from its July 2025 peak of $210 billion. XRP is now trading 45% below its January 2026 high of $2.41. This decline was further fueled by the deterioration of general market conditions.
Bitcoin’s plunge to $64,000 triggered a record $3.2 billion in realized losses, a capitulation event that surpassed even the market shocks of the Luna and FTX era, an on-chain analyst said.#CryptoCrash #Volatility https://t.co/GcmUn4hIs0
– Cryptonews.com (@cryptonews) February 6, 2026
Bitcoin’s plunge to $64,000 triggered a record $3.2 billion in realized losses, a capitulation event that surpassed even the market shocks of the Luna and FTX era, an on-chain analyst said.Leveraged liquidations amplified selling in derivatives markets
CoinGlass data showed around $46 million in XRP derivatives liquidations over 24 hours, with bullish bets accounting for around $43 million of that figure.
Prices bled slowly for most of Thursday before a sharp decline late in the session triggered a cascade of stop-loss orders and forced closes.
The break below the $1.44 support area turned this area into overhead resistance, leaving $1.00 as the next widely watched psychological level.
Across the market, traders saw approximately $1.42 billion in total crypto liquidations on Thursday, with long positions accounting for $1.24 billion.
XRP ETF Inflows Resilient Despite Price Collapse
Despite the sharp decline, institutional flows into XRP exchange-traded funds remained positive.
Since their launch in November 2025, spot XRP ETFs have seen inflows on all but four trading days, according to SoSoValue data. Looking at this week’s performance, inflows totaled approximately $24 million, bringing cumulative net inflows to over $1.2 billion.
This resilience stands in stark contrast to Bitcoin ETFs, which saw outflows of around $545 million on Wednesday alone.
Ripple’s regulatory victories failed to cushion the decline
The sale occurred during an otherwise active period for Ripple. Earlier this week, Ripple announced that it had received full approval for an electronic money institution license from Luxembourg’s Commission de Surveillance du Secteur Financier, allowing it to expand regulated payment services across the EU.
The Luxembourg approval follows a separate EMI license from the UK’s Financial Conduct Authority in January, bringing Ripple’s global license count to more than 75.
None of these developments have protected XRP from the broader risk-aversion movement. This price action highlights that the token’s valuation remains primarily driven by positioning and momentum rather than adoption narratives.
The post XRP Plunges 17% in Biggest One-Day Drop Since 2025 as $46 Million in Leveraged Longs Are Wiped appeared first on Cryptonews.
