Ah, dear reader, gather ’round as we witness the theatrical performance of XRP! In a stunning twist fit for a Dostoevskyan plot, the trading volume has skyrocketed by a staggering 74%, all while the wider crypto market theatrically tumbles into the abyss on this fine Sunday morn!
Like a somber Russian novel, the crypto market has extended its weekend descent, with losses cascading across a multitude of digital assets, and futures liquidations snowballing like a well-fed snowman on a winter’s day.
Over a jaw-dropping $2.58 billion vanished into thin air within the span of a mere 24 hours, as reported by the ever-astute sages at CoinGlass! One might say it was a liquidating frenzy, affecting a staggering 414,491 traders. And poor XRP? It met with over $40 million in liquidation, as its price took a dive quicker than a cat from a roof.
Lo and behold! Long positions bore the brunt of this liquidation calamity, totaling $2.27 billion, while shorts, those cunning little rascals, merely accounted for $171 million. This, my friends, is the essence of traders being caught napping, clinging to dreams of a miraculous rebound after enduring weeks of confinement in a range-bound purgatory.
As the weekend liquidity resembled a sparse meal at a Russian banquet, selling pressure mounted, and trading volumes seemingly played hide-and-seek. Yet, in a curious twist, XRP’s trading volume has risen once more like a phoenix from the ashes, recording a mighty $6.49 billion-what a comeback!
The Tragic Tale of XRP’s Plummeting Price
In a classic tale of woe, our dear XRP suffered a four-day fall from grace, plummeting to a disheartening low of $1.5 on January 31. What makes this low particularly poignant is its proximity to XRP’s realized price-a bittersweet irony indeed!
The XRP Realized Price is trading at $1.48. The current market structure is very similar to that of April 2022.
📉
– glassnode (@glassnode) February 1, 2026
With XRP’s realized price currently perched at $1.48 according to the oracle Glassnode, it seems we are staring at a familiar scene reminiscent of April 2022. A flicker of hope remains, as XRP clings desperately above its realized price, while the market hints at an ongoing reset-a plot twist no one saw coming!
Scott Melkel, the seer of charts, proclaims that XRP is trading at a critical juncture, precisely at the last meaningful support before tumbling into an unseen chasm-one must watch this moment with bated breath!
In the meantime, our RSI indicators, those fickle friends, have found themselves in oversold territory, dipping below 30-could a relief rally be on the horizon? Stay tuned, dear readers, for in the world of crypto, every day offers a new chapter, filled with intrigue and the promise of unexpected twists!
Read More
- GBP CAD PREDICTION
- GBP RUB PREDICTION
- PEPE PREDICTION. PEPE cryptocurrency
- STX PREDICTION. STX cryptocurrency
- AVAX PREDICTION. AVAX cryptocurrency
- SPX PREDICTION. SPX cryptocurrency
- TON PREDICTION. TON cryptocurrency
- EUR ARS PREDICTION
- EUR CLP PREDICTION
- GBP EUR PREDICTION
2026-02-01 15:46