XRP longs take 980% liquidation imbalance in crypto selloff
XRP fell to $1.47 as a market-wide selloff hit bullish traders hardest, with $10.88m of $11.99m in XRP liquidations coming from longs, U.Today reports.
Key points
- XRP dropped 3.82% in 24 hours and was up just 0.18% over seven days, after a September 25 peak of $1.62.
- XRP hit a low of $1.47 early Monday as the selloff extended from the weekend.
- Of $11.99m in XRP liquidations, $10.88m came from longs and $1.11m from shorts, a 980% imbalance, per CoinGlass.
- Total crypto liquidations reached $378m across the market, with top-ten coins down 2% to 7%.
- Nonfarm payrolls, unemployment, core PCE and GDP data are due this week, alongside XRP Ledger updates and Ripple Swell on October 27-29, 2026.
XRP is facing a 980% liquidation imbalance after longs bore the brunt of a market-wide selloff, U.Today reports. The token fell 3.82% in the last 24 hours and was close to surrendering its weekly gains, up only 0.18% over seven days. The wider crypto market extended a weekend decline, with most assets trading lower as traders weighed inflation concerns.
Major cryptocurrencies, particularly those in the top ten, were down between 2% and 7%. CoinGlass data cited by U.Today put total crypto liquidations across the market at $378m. XRP's own liquidation figures showed $10.88m of a total $11.99m coming from longs, or traders betting on further price increases, while short traders accounted for $1.11m. That produced the 980% imbalance.
Longs caught in selloff
The move followed a surge in XRP to $1.62 on September 25, after which the price retraced and closed the weekend lower with two straight days of declines. Traders had expected a rebound, but the ongoing selloff early Monday dashed those hopes as XRP dropped to a low of $1.47. The fall caught bullish traders off guard, according to the report.
Investors now face a busy stretch of domestic economic data. The latest monthly nonfarm payrolls figures and the unemployment rate are due later in the week, following the core PCE index and the latest quarterly GDP growth print. U.Today notes these releases matter because they could influence bets on Federal Reserve rate cuts and the broader market.
Economic data ahead
The XRP Ledger is also preparing for a busy October. Key updates named Batch, fixBatchV1_2 and permissions delegation are set to launch during the month. Batch and fixBatchV1_2 are looking to activate on mainnet on October 9, while permissions delegation is set to launch on October 8, 2026, provided they stay above 80% support during the two-week activation window.
Two events are scheduled for the ecosystem. Ripple Swell is set for October 27 to 29, 2026, and XRP Seoul will be held on October 3, 2026, at the Grand Hyatt Seoul as part of Korea Blockchain Week. U.Today's report frames the liquidation imbalance as a sign of how leveraged bullish positioning unwound during the selloff.