• XRP crashed from $2.83 to $1.25 as greater than $700 million in positions have been liquidated.
• This marks the biggest single-day wipeout within the token’s historical past.
• Regardless of the turmoil, some analysts nonetheless predict the week might finish on probably the most bullish candlestick in historical past.

The crypto market skilled its most brutal days in historical past, with over $19 billion in buying and selling positions liquidated inside 24 hours. The shock triggered a large sell-off throughout international markets, wiping $1.65 trillion from U.S. shares.

XRP was one of many hardest hit, falling 56% from $2.83 to $1.25 in just some hours, earlier than rapidly rebounding. This occasion marked the steepest single-day decline in XRP in years and cemented October 10 as some of the risky buying and selling days in crypto historical past.

“XRP Black Swan” reaches document liquidation quantity of $700 million

Neighborhood analyst Chad Steingraber described the incident this manner…

Learn full article XRP crashes 56% as $700 million longs are liquidated: What occurred subsequent within the coin model?