- Ripple has plunged below its 50-day moving average, dropping over 36% this year and pushing a major whale toward a potential $8 million liquidation due to leveraged losses.
- Market uncertainty and bearish technical indicators suggest further downside risk for XRP in the near term.
Ripple Dramatic Slide Sparks Massive Losses
The native token of Ripple, XRP, has seen a sharp decline, plunging to $2.1533 and breaking below its 50-day moving average. This drop marks a steep 36% fall from XRP’s highest price point earlier this year. Over the past three days, XRP’s price has fallen consecutively, hitting its lowest since May 8 amid weakening crypto market sentiment.
Whale Warning: $8 Million Unrealized Losses and Liquidation Risk
The ongoing XRP crash hasn’t just shaken retail investors — leveraged traders are facing serious risks. According to Hyperdash data, a large whale holding XRP has an unrealized loss of $2.6 million on a single position. The trader entered at $2.3715 with 3x leverage, but if XRP’s price falls to $1.3949 — about 35% below its current level — this position will be liquidated, wiping out millions in value.
But the danger doesn’t stop there. This whale has other long positions on major altcoins such as Ethereum, Solana, Cardano, Cosmos, and Hyperliquid, all currently underwater. The total unrealized weekly loss across these positions has surpassed $8.4 million, painting a grim picture for this trader.
Market Turmoil: Broader Crypto Slide and Geopolitical Tensions
XRP’s crash is part of a wider market downturn. Bitcoin fell from a record $111,900 to under $104,000 in recent days, dragging other cryptocurrencies down. External factors have added to the market jitters. A TruthSocial post by Donald Trump threatening a 50% tariff on European goods caused initial panic, though tensions eased after a deadline extension to July.
Still, concerns resurfaced when Scott Bessent warned of stalled US-China talks, suggesting only a summit between Trump and Xi Jinping could resolve escalating trade tensions. This geopolitical uncertainty, coupled with June’s historically poor crypto market performance, is pressuring XRP and others.
Technical Breakdown: XRP Price Analysis and Liquidation Thresholds
From a technical perspective, Ripple continues its downward slide. The daily chart shows XRP trading below its 50-day moving average, with the MACD indicator poised to dip below zero — a bearish sign. The Money Flow Index also points downwards, signaling weakening buying pressure.
The key levels to watch for this whale’s liquidation are $2 and $1.6129. The $2 mark is a critical psychological and trendline support, while $1.6129 represents XRP’s lowest swing low from early April. A breach below these points could trigger cascading liquidations, accelerating XRP’s fall.
Is More Pain Ahead for XRP?
As XRP struggles under heavy selling pressure and bearish technical signals, leveraged traders face mounting liquidation risks. The ripple effect of this crash could intensify volatility in the coming days, making it a critical time for investors to stay alert. Will XRP recover, or are we witnessing the start of a deeper correction? Only time will tell.
