- XRP price drops double digits, impacting crypto derivatives market.
- $90 million in long positions liquidated in 24 hours.
- Market volatility impacts related cryptocurrencies like ETH and BTC.
Ripple’s XRP saw a double-digit price drop on July 24, 2025, wiping out up to $90 million in long positions across major crypto derivatives markets.
The abrupt XRP collapse underscores ongoing volatility challenges in crypto markets, impacting sentiment and highlighting vulnerabilities in leveraged derivatives trading.
Ripple’s XRP experienced a major price crash on July 24, 2025, wiping out around $90 million in long positions. The crash exposed significant volatility across major crypto derivatives markets, prompting concern among investors and traders.
No public statements were made by Ripple’s leaders such as Brad Garlinghouse or David Schwartz during the event. Speculation arose within the community about potential causes, but no verified information was released.
The liquidation of XRP long positions impacted crypto futures markets, demonstrating the high risk of leveraged trades. The event signaled widespread caution, as correlated assets like ETH and BTC also saw increased volatility.
Financial markets faced a ripple effect from the event. Total Value Locked (TVL) in XRP-related DeFi platforms decreased temporarily, illustrating the crucial role XRP plays in the crypto ecosystem.
Ripple’s price movements traditionally underscore broader crypto market dynamics. Historical data highlight similar market-wide vulnerabilities tied to large-scale position unwinds.
Potential outcomes from the recent volatility include increased scrutiny by regulatory bodies and exchanges on leverage. Investors are keenly watching for any shifts or announcements from Ripple or other major stakeholders in the crypto space.
As there were no direct quotes from Ripple’s leadership or major Key Opinion Leaders (KOLs) regarding the event you described, it is not possible to present any cited quotes associated with the July 24, 2025, XRP price crash.
