Why XRP price today is crashing below $2 after $29.7 million long liquidations hit amid the crypto market sell-off

XRP price crash today: XRP plunged sharply as the broader cryptocurrency market slid into a renewed downturn, triggering the largest wave of long liquidations the token has seen in more than two months.

XRP Price Crashes as Market-Wide Selloff Accelerates

The selloff intensified on January 19 after prices broke below the crucial $2 psychological support level, setting off a rapid liquidation-driven drop, as per a report.

$150 Billion Crypto Market Loss Weighs on XRP

During the market-wide decline, which erased $150 billion from total crypto market value over five days, XRP emerged as one of the hardest-hit assets. The token fell more than 4% in 24 hours, briefly flash-crashing to $1.84 after leveraged long positions were forced out.


That move wiped out $29.7 million in long liquidations, the highest single-day figure since November 4, 2025, as per The Crypto Basic report.

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XRP Price Drop Today: Breakdown Below $2 Triggers Heavy Long Liquidations

The sharp decline followed a broader loss of momentum across crypto markets after the global market cap peaked at $3.29 trillion on January 14. Since then, the market has shed $190 billion, weighing heavily on risk assets like XRP. Once XRP lost the $2.05 support level, selling accelerated as forced liquidations overwhelmed the market.

XRP Price Prediction: XRP Recovery Looks Fragile After Liquidation Flush

Data shows that long positions accounted for roughly 96% of XRP’s liquidations, highlighting how overleveraged bullish bets were flushed out during the drop. While price bounced toward $1.96 after stabilizing near $1.91, the recovery remains tentative, with XRP struggling to regain lost ground and lagging the broader crypto market.

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FAQs

What caused the sudden XRP crash?

The fall accelerated after XRP broke below the key $2 support level, triggering forced selling.

How low did XRP price go today?

XRP briefly dipped to around $1.84 during a rapid flash crash.

Did XRP try to recover after the crash?

Yes, it bounced near $1.96, but the recovery looks weak so far.

Why is $2 such an important level for XRP?

$2 is a key psychological support that traders closely watch for trend direction.