XRP’s Path to Recovery After Historic $610M Liquidation Event
On October 11, 2025, Ripple's XRP experienced an unprecedented market event that sent shockwaves through the cryptocurrency ecosystem. A massive 'Black Swan' crash resulted in the liquidation of over $610 million in long positions across major exchanges including Binance, OKX, and Bybit. This catastrophic event represented the largest single-day liquidation in XRP's history, triggering cascading margin calls and stop-loss liquidations that amplified the price decline. The sudden market movement caught many traders off guard, particularly those who had taken bullish positions on XRP's future performance. The aftermath of this liquidation event saw Open Interest (OI) in XRP futures markets plummet dramatically from $2.8 billion to $1.4 billion, indicating a massive reduction in market leverage and speculative positions. However, despite the severe market disruption, recent data suggests the situation is beginning to stabilize. Market analysts are closely monitoring several key indicators that could signal XRP's potential recovery trajectory. The significant reduction in leverage has potentially created a healthier foundation for future price movements, as excessive speculation has been largely flushed from the system. For long-term XRP bulls, this event, while painful in the short term, may present a necessary market correction that establishes stronger support levels. The cryptocurrency's underlying fundamentals, including Ripple's ongoing partnerships and technological developments, remain intact. Market sentiment, though shaken, shows signs of gradual improvement as traders reassess XRP's value proposition. Technical analysis suggests that if XRP can maintain current support levels and demonstrate sustained buying pressure, a recovery toward previous resistance levels could materialize in the coming months. The resilience displayed by XRP holders during this turbulent period underscores the continued belief in the digital asset's long-term potential within the evolving cryptocurrency landscape.
$610M ‘Black Swan’ Crash Shakes XRP – Can Bulls Recover?
Ripple's XRP faced a historic liquidation event on October 11, with over $610 million in long positions wiped out across Binance, OKX, and Bybit. The sharp price drop triggered margin calls and stop-loss liquidations, marking the largest single-day liquidation in XRP's history.
Despite the turmoil, futures market data shows signs of stabilization. Open Interest (OI) plummeted from $2.8 billion to $1.4 billion post-crash but is now recovering as traders reposition. Funding rates are normalizing, though price action remains volatile.
Exchanges like Hyperliquid and Bybit report renewed long-term interest, suggesting traders are betting on a rebound. The market's ability to absorb this shock will test XRP's resilience in the coming weeks.
XRP Bulls Push Above $2.40 but Face Resistance at $2.60 Trend Line
XRP has staged a technical recovery, bouncing from the $2.220 support level to trade above $2.40, now positioned above its 100-hourly simple moving average. The move mirrors broader market momentum seen in Bitcoin and Ethereum, signaling renewed bullish sentiment.
A decisive break above the 61.8% Fibonacci retracement level of the prior downtrend ($3.05 to $1.40) suggests underlying strength. However, sellers have drawn a line at $2.60, where a bearish trend line on hourly charts presents immediate resistance. Kraken data shows this zone as critical—clearing $2.660 could open a path toward $2.80, while failure risks a retracement to $2.420 or even $2.20.
The 76.4% Fibonacci level at $2.660 remains the key hurdle. A sustained push beyond this level may accelerate gains toward $2.750, but for now, the battle between bulls and bears centers on the $2.60 frontier.
XRP Price Eyes Key Upside Break – Can Bulls Finally Regain Control?
XRP price has initiated a fresh upward trajectory, breaking above the $2.50 resistance level. The digital asset now trades above both this psychological threshold and the 100-hourly Simple Moving Average, signaling potential for further gains if it can overcome the $2.620 barrier.
A key technical formation emerges on the hourly chart, with a bearish trendline capping advances at $2.60. Market participants note the cryptocurrency has already reclaimed the 61.8% Fibonacci retracement level from its recent swing low of $1.40 to the $3.05 high. The 76.4% retracement at $2.66 now looms as the next significant resistance.
The recovery mirrors broader market trends seen in bitcoin and Ethereum, though XRP faces unique challenges near current price levels. Trading activity on Kraken shows bulls must decisively breach the $2.60-$2.62 zone to confirm a more sustained upward move.
Whale Activity Drives XRP Price Down 20% Amid Binance Inflows
Ripple's XRP token faced a steep 20% decline in early October as large-scale investors moved significant amounts to Binance. Data reveals a shift from September's calm to aggressive depositing, with whale activity peaking between October 10 and 12. During this period, XRP's price dropped from $3.10 to $2.40, signaling profit-taking or hedging after a volatile rebound.
CryptoQuant analyst Arab Chain noted the correlation between heavy exchange inflows and price corrections. The selling pressure eased after October 11, with XRP stabilizing NEAR $2.60. Such movements underscore the outsized influence of whale transactions on market dynamics.
Ripple Partners With Absa Bank to Launch Digital Asset Custody in South Africa
Ripple has forged a strategic alliance with Absa Bank, one of South Africa's largest financial institutions, to introduce digital asset custody services for institutional clients. This collaboration marks Ripple's inaugural custody venture in Africa, leveraging its technology to enable secure, compliant storage for tokenized assets.
The partnership positions Absa Bank to meet rising demand for regulated digital asset infrastructure across emerging markets. Africa's fintech sector, among the world's fastest-growing, stands to benefit from this institutional-grade custody solution as regulatory frameworks mature.
"Africa is undergoing a fundamental transformation in value storage and exchange," noted Reece Merrick, Ripple's Managing Director for the Middle East and Africa. The deal expands Ripple's global custody network while reinforcing its foothold in developing markets.
Ripple’s XRP Faces Downward Pressure Amid Regulatory and Macroeconomic Risks
Ripple’s xrp price hovered above $3 before October’s market downturn, only to plunge to $2.30 following heightened U.S.-China trade tensions. A brief rebound to $2.50 offered little solace as trading volume collapsed 40% this week, signaling waning investor confidence.
Three critical threats loom: the SEC’s pending decision on an XRP ETF could trigger a rejection-driven selloff, Trump’s 100% tariffs on China continue destabilizing crypto markets, and dwindling development activity undermines network momentum. The $1 level now appears vulnerable—a stark contrast to XRP’s 2021 highs.
