TL;DR<\/strong><\/p>\n A lot can change in the digital asset space within the span of just 12 hours. Recall that XRP stood tall earlier today at over $3.3 as the overall sentiment was dominated by the bulls with calls<\/a> for a new all-time high (currently at $3.65).<\/p>\n However, the landscape worsened in the following hours, especially after the US government announced<\/a> the inflation data on the wholesale level, which showed that it had risen by the highest percentage since June 2022.<\/p>\n XRP, which had already retraced to under $3.25, plunged once again. This time, the bears were a lot more persistent and drove the third-largest cryptocurrency to a weekly low of $3 (on Bitstamp and other exchanges).<\/p>\n Ripple\u2019s token has bounced since then and currently sits at $3.1. Still, it has dropped by 4% in the past hour alone and over 5.5% on a daily scale.<\/p>\n Data from CoinGlass indicated that XRP traders have been wrecked for over $60 million in the past 24 hours, with longs responsible for more than 92% of that entire share.<\/p>\n The total value of liquidations has jumped above $1 billion, with ETH and BTC leading the pack<\/a> ($307 million and $256 million, respectively).<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n\n
![\"Liquidation](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/XRPUSD-1.png\")
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