It looks like a horror movie this Xrp 😱

$XRP The recent decline in XRP has caught the attention of people in and out of the crypto community, not only because of the scale of the drop but also due to its alignment with previous high-impact market phases.
Analyst Egrag Crypto has presented a structured comparison, drawing on past events to illustrate where the current movement sits in XRP’s broader historical framework. His latest chart highlights three major declines, coupled with a striking liquidation statistic that distinguishes this downturn from prior episodes.


👉A Pattern of Major Corrections
In his breakdown, Egrag points to three critical instances of deep corrections in XRP’s trading history. The first occurred during late 2017, a period marked by extreme volatility across the crypto market, in which XRP suffered a near-total retracement.
The next major decline followed the regulatory challenges that emerged in 2021, when XRP dropped by approximately 77%. The most recent move, recorded just days ago, saw XRP fall by 78%, placing it beside previous substantial declines that preceded key structural shifts in the chart.
These comparisons are not presented for dramatic effect but to establish that large-scale drawdowns have been a recurring feature of XRP’s price behavior. Egrag’s focus is on the consistency of these declines and the phases that followed them, rather than on short-term sentiment.
👉Liquidations on an Unprecedented Scale
One of the most notable elements in Egrag’s observation is the comparison of liquidation figures across major market shocks. During the COVID crash, liquidations reached around $1.2 billion.
The collapse tied to the FTX exchange saw approximately $1.6 billion in liquidated positions. The latest event, however, far exceeded registering an estimated $19.6 billion in total liquidations.
This scale is significant because it reflects a market heavily exposed to leveraged positions. The forced unwinding of these positions contributed to the severity of the movement, amplifying selling pressure beyond standard market activity.
While past liquidation events were impactful, none approached the level seen in this latest episode, raising broader questions about leverage management across the digital asset space.
👉Technical Implications and Market Sentiment
Egrag’s analysis does not attempt to forecast immediate direction but instead underscores a recurring technical theme: historically, extreme corrections have often been followed by extended accumulation phases and, in some cases, substantial upside movements. The emphasis is placed on the aftermath of crashes—how price structures evolve once extreme selling pressure subsides.
Rather than issuing directives, the analyst frames the present moment as one of decision for market participants. Individuals may choose to exit positions to remove uncertainty, or they may hold through volatility with the expectation of long-term structural recovery. The message is clear that each choice carries responsibility, and no external commentary should dictate personal financial decisions.
👉Stability and Perspective Within Volatility
While the current decline has understandably raised concern, Egrag’s presentation is rooted in perspective rather than alarm. By placing recent events alongside historical data, he encourages a careful view of XRP’s movement, acknowledging both risk and possibility. The reminder to remain steady is aimed not at dismissing market stress but at emphasizing informed decision-making over reaction.
For long-term holders, the analysis serves as a data-driven reference point. For newer participants, it illustrates how extreme volatility formed part of XRP’s market cycle.
What follows will depend on broader market conditions, regulatory advancement, and sentiment recovery. However, the historical framework provided offers a structured basis for interpretation rather than speculation.

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