XRP Volume Surges 77% as $485M Liquidations and Heavy Realized Losses Signal Capitulation
XRP trading volume surged roughly 74–77% during a weekend market sell-off, lifting daily volume to between $2.43bn and $6.49bn across reported windows, and coincided with significant liquidations. Data from CoinGlass and CoinMarketCap show about $485M in 24‑hour liquidations (earlier reports placed 24‑hour liquidations higher at $2.58bn across the broader market), with XRP-specific liquidations in the tens of millions. XRP fell to between $1.37 and $1.50 in the period, extending weekly losses to around 6.5%. Santiment and Glassnode metrics indicate sharply elevated realized losses — roughly $1.93bn for the week, the largest weekly realized loss since 2022 — a pattern traders often interpret as capitulation. On‑chain activity on the XRP Ledger rose nearly 40%, pushing daily successful transactions toward ~2.5 million, suggesting rising network usage despite price pressure. Analysts attribute the sell‑off to thin weekend liquidity and broader macro risk (trade tensions, tariff uncertainty) rather than a single crypto-specific event. For traders, the key implications are: a substantial jump in XRP liquidity (higher volume), elevated realized losses indicating capitulation risk/recovery potential, increased on‑chain activity, and continued sensitivity to macro sentiment — all factors that raise the chance of short‑term volatility and tactical opportunities while cautioning about thin‑liquidity air pockets around technical support levels.
Neutral
The combined reports show mixed signals for price direction. Heavy short‑term selling, a sharp spike in realized losses and sizable 24‑hour liquidations point to bearish pressure and rising volatility. That increases downside risk in the immediate term, especially given thin weekend liquidity and potential technical air pockets. However, the surge in trading volume and near‑record realized losses are classic capitulation indicators that can precede strong relief rallies — historically followed by substantial recoveries in some cases. Rising on‑chain activity adds a constructive fundamental signal, implying continued user engagement despite price weakness. Taken together, these factors imply heightened short‑term volatility and trading opportunities, but they do not conclusively predict sustained upward momentum for XRP. For traders: expect volatile conditions, use reduced position sizes or tighter risk controls near thin‑liquidity periods, watch realized‑loss and volume metrics for signs of capitulation turning into a relief rally, and pay attention to macro headlines that could re‑ignite correlated selling.