XRP rises after $610 million “black swan” liquidation

XRP is showing tremendous strength and a sharp recovery just days after suffering the largest long liquidation in history.

On October 11, more than $610 million worth of long XRP positions were wiped out, according to the data subscriber Written by analyst Chad Steingraber.

The liquidation – which traders described as a “black swan” event – was the largest Whitening the token at all. It has rocked the leveraged markets across several major exchanges such as Binance, OKX, and Bybit.

Despite the historic defeat, XRP is back in action, showing resilience. As of October 13, the token was trading at $2.56, up 6.75% over the past 24 hours, with the market cap rising to over $153 billion. Trading volumes also rose by more than 40% indicating renewed activity as traders readjust their positions after liquidation.

However, analysts remain divided on where XRP will go next. market analyst, scalping, Highlighting the “pivot zone” around $2,376-$2,394, he commented that holding this range could lead to momentum towards the resistance levels at $2,475-$2,511, potentially pushing the token up to $2,583.

On the downside, failure to defend support could drag the token towards $2,298-$2,316, exposing deeper liquidity pockets.

Others say the massive liquidation has removed overly leveraged positions and may pave the way for a healthier uptrend. On October 12, an analyst said books, “There are no longer any sellers on the central exchanges now,” suggesting that supply pressure may ease somewhat at least in the short term.

However, there are still risk warnings. Analysts point out that XRP It is currently located within a relatively weak liquidity zone, which means it could experience extreme volatility in the near term. As of the time of writing, XRP has faced $20.38 million in liquidations over the past day, divided between $10.59 million in long trades and $9.79 million in short trades. Per Coenglass.

Despite the tremors, the token remains resilient DustyBC crypto analyzer Maintaining that the token can still target the $4 level.

Related: Over $19 Billion Liquidated in Worst Cryptocurrency Collapse Since Coronavirus

This story was originally reported by The Street On October 13, 2025, he first appeared in Trading news and analysis to divide. Add TheStreet as Favorite source by clicking here.