XRP price dives to $1.84; $29.7M in long positions wiped out amid broader market pressure

January 19, 2026 — <a href="https://www.cryptoknowmics.com/news/crypto-market-shakes-off-extreme-fear-as-trumps-trade-deal-offers-temporary-reprieve/" target="_blank" rel="noopener">Crypto markets</a> flashed red today, with XRP leading the pain trade after a sharp intraday drop triggered its largest long liquidation since November 2025. Data from derivatives tracking platforms show roughly $29.7 million in long bets were forcibly closed as XRP briefly <a href="https://economictimes.indiatimes.com/news/international/us/why-xrp-price-today-is-crashing-below-2-after-29-7-million-long-liquidations-hit-amid-the-crypto-market-sell-off" target="_blank" rel="nofollow noopener">plunged</a> to $1.84, erasing bulls’ leverage and sparking panic selling.
<h2>📉 Why Did XRP Crash to $1.84 and Wipe Out Long Positions?</h2>
At the core of today’s move was a sudden flash crash in XRP’s price, which tested the crucial psychological $2 level before dipping to $1.84 within minutes. This drop hit leveraged traders the hardest — especially those with long positions above key support levels — triggering automatic liquidations across major exchanges.
<ul>
 	<li style="font-weight: 400;">Total long liquidations today hit $29.7 M — the highest since Nov. 4, 2025.</li>
 	<li style="font-weight: 400;">Short liquidations were minimal (~$1.16 M), underscoring how bearish pressure dominated the session.</li>
 	<li style="font-weight: 400;">Overall 24-hour XRP futures liquidations surpassed $40 M, with longs making up most of the losses.</li>
</ul>
<h2>🔎 What This Means for XRP Traders and the Broader Crypto Market</h2>
This liquidation event didn’t happen in isolation — it came amid a broader downturn across major cryptocurrencies, with Bitcoin and altcoins also under pressure in the past week. The domino effect suggests traders had built up leverage that was untested during calm price action, and when the market turned, forced exits cascaded faster than anticipated.

Here’s what stood out:
• The sudden drop below $2 may indicate a psychological shift among retail traders, triggering stop-loss clusters and accelerating liquidations.
• Despite the severe short-term move, some long holders remain optimistic, as evidenced by a higher long/short ratio on Binance accounts.
• Heavy liquidations can reset overextended positions, which sometimes leads to healthier price consolidation afterward.
<h2> Can XRP Bounce Back From This Liquidation?</h2>
Short-term volatility is now elevated — and jumps like today’s often leave bearish sentiment lingering. However, liquidation purges have historically acted as leveraged sell-pressure exhausters in crypto markets, opening the door for range re-tests and eventual stabilization if buyers step in.

Possible factors that could influence the next move:
✅ Reclaiming key supports above $2 could calm technical traders.
✅ Strong inflows or news catalysts (institutional adoption, regulatory clarity) could shift sentiment.
❌ Sustained selling could open deeper correction zones.

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XRP Flash Crash Triggers Biggest Long Liquidation Since November 2025 — What Traders Need to Know

XRP suffers a flash crash to $1.84, wiping out $29.7M in long positions — the biggest liquidation since November 2025. Read our market breakdown and what this means for traders.

XRP Flash Crash Triggers Biggest Long Liquidation Since November 2025 — What Traders Need to Know

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