XRP Faces Sharp Decline Amid Liquidations, But Pundits Say “This Week Changes Everything”
📄 Article Content
XRP is facing renewed pressure this week after the Oct. 10 flash crash triggered record liquidations across the crypto market. The token plunged nearly 40% intraday before rebounding, now hovering between $2.20 and $2.60 as traders assess what’s next.
Despite heavy whale selling and lingering volatility, market analysts insist that “this week could change everything” for XRP, with key ETF decisions and regulatory milestones approaching that could redefine its long-term outlook.
Flash-Crash Fallout: Liquidations, Whale Flows, and Key Support
XRP was swept up in the Oct. 10 crypto “flash crash,” sliding intraday by 40% before rebounding to a monthly loss near 20%. The trigger wasn’t a protocol flaw but a leverage washout tied to tariff headlines that jolted risk assets.
Heavy forced deleveraging slammed both CEX and DEX liquidity, pulling most majors sharply lower in minutes. Since then, XRP has steadied in the $2.20–$2.60 band, with the 200-day EMA near $2.62 now a pivotal pivot.
On-chain flows show mixed positioning as large holders sent sizable tranches to exchanges during the drop (a classic profit-taking/hedge tell), yet the torrent slowed after Oct. 11, helping price stabilize.
Technically, bulls need a daily close back above $2.80–$3.00 to neutralize the short-term downtrend; lose $2.20, and the next magnet sits near $1.80. Notably, Ripple’s RLUSD stablecoin held its peg through the chaos, an institutional-friendly datapoint t