XRP’s explosive rally may have hit a heartbreaking ceiling at $3.65, as panic swept through the markets with a shocking $86 million in long positions liquidated—marking its third-largest wipeout on Binance in 2025 😱. The brutal 10.33% drop on Wednesday was XRP’s worst since April, triggering fear and uncertainty among traders 🧨📉.
Open interest (OI) in XRP futures plunged 16.8%, dropping from $10.94B to $9.10B, a clear sign that leveraged traders are either fleeing in fear or getting wiped out 💥. Adding fuel to the fire, a wallet tied to Ripple co-founder Chris Larsen offloaded over 50 million XRP, with $140 million flooding into exchanges 😨.
Still, hope remains alive 🌈. The $2.95–$3.00 support zone is now a make-or-break battlefield. If bulls can defend it, XRP’s rally might still be saved 💪🚀.
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