When XRP Takes a Dive: $90M Lost and Traders Mortally Wounded 😂💔

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In recent hours, a most curious phenomenon has transpired within the realm of cryptocurrencies, as countless altcoins succumbed to the rebellious forces of gravity, and lo! The illustrious XRP followed suit, marking itself with a dramatic descent into the depths of depreciation.

Once the envy of traders, celebrating its newfound status among the elite, XRP has now gracefully plunged—ah, but not a mere dip. Nay, it fell in an alarming double-digit decline, establishing a new weekly nadir. This sudden shift has wrought havoc upon the overly ambitious traders, who, in their quest for unrestrained fortune, have tasted a bitterness far more potent than even that of the ever-volatile Bitcoin.

As countless wise sages have declared: what ascends must inevitably descend. Such a truth has been resoundingly echoed in the tale of Ripple’s cherished token, which, after a week of almost unrelenting exuberance, found itself at the mercy of gravity’s relentless embrace. I implore you to remember the glory days, when XRP, straining against its own limitations, escaped the clutches of a solidifying price range ($2.2-$2.3) to eventually soar past the $3 mark in a mere matter of days.

The bulls, audacious and proud, maintained their charge until, after a prolonged seven years of patient strife, XRP recorded an awe-inspiring triumph, surpassing the monumental peak of January 2018, once thought to be insurmountable at $3.4, and reaching for the stars—beyond $3.65, in fact! The cryptocurrency swelled by an astonishing 50%, and its market capitalization ascended to a heavenly domain, soaring beyond the $200 billion threshold.

Yet, alas! The days of revelry were fleeting. With the passage of only a few days, the market chose chaos, swinging violently between prior heights and recent escapades. In the wake of this tumult, the bears, those malevolent creatures of despair, seized the narrative at last, dragging XRP down with merciless fervor over a span of mere hours. From a lofty perch of almost $3.6, it comically tumbled below $3.05, shedding a staggering 15% of its value in the blink of an eye. Though it clawed back some ground post-drop, it remains languishing with a daily decrease of more than 11%.

This most sudden and distressing descent has left in its wake a legion of over-leveraged traders, now in dire straits, mourning their losses with the fervor of a thousand lit candles. According to the records kept by the venerable CoinGlass, over $93 million of XRP longs have been liquidated in this turbulent dance of fate, a figure that stands only second to the illustrious ETH, surpassing even Bitcoin’s own $70 million casualty count.

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2025-07-24 08:28