XRP Bulls Hit by Strongest Liquidations Since October 10 as Price Dips 16%

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XRP bulls suffered one of their biggest liquidation events of the year on August 22, as long positions were wiped out at levels not seen since October 2025.

According to CryptoQuant author Amr Taha, XRP long liquidations reached $38.58 million on August 22. That was the highest level since October 10, 2025. It came within just $720,000 of the $39.3 million recorded during that earlier liquidation event.

Notably, on August 22, XRP price hit $1.70 but retraced to $1.42 shortly after.

Imbalance between XRP Bulls and Bears

The latest data also showed a sharp imbalance between bulls and bears. Short liquidations totaled just $6.5 million, meaning long liquidations were nearly six times larger. 

Specifically, long positions accounted for 85.6% of the $45.08 million in total XRP liquidations recorded during the event.

Meanwhile, the structure was very different from October’s liquidation wave. On October 10, XRP long liquidations reached $39.3 million, but short liquidations were also substantial at $24.8 million.

This time, the overall liquidation figure was almost 30% lower than October because short liquidations were down by roughly 74%, even though long liquidations nearly matched the previous peak.

Binance Shows a 9-to-1 Long Liquidation Imbalance

The shift was particularly pronounced on Binance. Taha reported that XRP long liquidations on the exchange reached $12.63 million, compared with only $1.4 million in short liquidations.

That created a roughly 9-to-1 imbalance in favor of long liquidations, with longs representing about 90% of Binance’s total XRP liquidations.

The contrast with October 10 was striking. During that earlier event, Binance recorded $21.1 million in short liquidations against $9.82 million in long liquidations.

Compared with October, Binance’s XRP long liquidations on August 22 were 28.6% higher, while short liquidations plunged 93.4%.

The imbalance was not limited to Binance. Exchanges outside Binance recorded approximately $25.95 million in XRP long liquidations, compared with $5.1 million in shorts, producing another roughly five-to-one imbalance.

XRP Price Dip

Notably, the ongoing liquidation comes after XRP price surged 70% to $1.70 from its yearly low of $0.9882, which it hit last week. The surge occurred within just a few days last week.

Given the rapid turnaround, many traders became overconfident and took long positions in XRP. However, the price retraced 16% and is trading at $1.50 at press time.

For context, when large numbers of long positions are liquidated, forced selling can accelerate a price decline as exchanges close leveraged positions. The unusually large gap between long and short liquidations therefore suggests that the latest move caught a significant number of bullish traders on the wrong side of the market.

However, liquidation data alone does not determine XRP’s next direction. It primarily shows where leveraged traders were forced out of their positions.

Despite the recent dip, XRP maintains impressive weekly gains of 50% and a monthly upside of 38%.