XRP is showing phenomenal strength and a sharp recovery just days after suffering its largest long liquidation in history.
On Oct. 11, more than $610 million in XRP long positions were wiped out, according to data shared by analyst Chad Steingraber.
The liquidation — described by traders as a “Black Swan” event — marked the biggest washout the token has ever seen. It shook leveraged markets across many major exchanges like Binance, OKX, and Bybit.
Despite the historic wipeout, XRP is back in action, showing resilience. As of Oct 13, the token was trading at $2.56, up 6.75% in the past 24 hours, with market capitalization climbing above $153 billion. Trading volumes also spiked more than 40% which signals renewed activity as traders reposition following the wipeout.
However, analysts remain divided on where XRP heads next. Market analyst, ScalpingX, shed light on a “pivot zone” around $2.376–$2.394, commenting that holding this band could trigger momentum toward resistance levels at $2.475–$2.511, and potentially the token could go as high as $2.583.
On the downside, failure to defend support could pull the token back toward $2.298–$2.316, exposing deeper liquidity pockets.
Others say the massive liquidation has cleared out overleveraged positions and might pave the way for a healthier uptrend. On Oct 12, one analyst wrote, “There are hardly any sellers left in centralized exchanges now,” indicating that supply pressure might at least ease somewhat in the short term.
Still, risk warnings remain. Analysts are noting that XRP is currently caught within a relatively thin liquidity region, meaning it may see intense volatility in the near term. As of writing, XRP faced $20.38 million in liquidations over the last day, split between $10.59 million longs and $9.79 million shorts, as per Coinglass.
Despite the shakeout, the token remains resilient, with analyst DustyBC Crypto maintaining that the token could still target the $4 level.
Related: Over $19 billion liquidated in worst crypto crash since COVID
This story was originally reported by TheStreet on Oct 13, 2025, where it first appeared in the Trading News & Analysis section. Add TheStreet as a Preferred Source by clicking here.
