Coinspeaker
Oct 18, 2025
8 2

XRP Sees $1.9B Liquidations as Price Hits $2.20

XRP is trading at $2.35, up 6% in the last day, though still down 25% for the month and 39% below its all-time high of $3.84.

  • Total Open Interest (OI) in XRP futures dropped 65.5%, from $2.9 billion to $1 billion, between October 6 and October 18.
  • This decline resulted in $1.9 billion in liquidations, with Binance's OI plummeting from $1.32 billion to $480 million.

XRP OI across all exchanges | Source: CryptoQuant

  • The price movement is described as a long squeeze cascade by analysts, causing forced liquidations and increased sell pressure.

XRP Price Forecast

  • The 4-hour chart shows a falling wedge pattern, indicating potential bullish reversal.
  • Resistance is at $2.50, with possible targets at $2.75 and $3.10. Support levels are at $2.10 and $1.90.

XRP price action with momentum indicators | Source: TradingView

  • Momentum indicators show a neutral stance with RSI at 44.48 and MACD flattening near zero.
  • CryptoQuant calls the situation a "market full reset," suggesting a healthier market baseline.