XRP Bulls Face $12.56M Long Wipeout as Price Drops 7.19% to $1.28

On Saturday, XRP's price fell 7.19% to $1.28, with its market capitalization slipping to $78.77 billion as leveraged long traders absorbed most liquidations. Over the last 24 hours, XRP-linked liquidations reached $13.86 million, of which $12.56 million were longs, while the broader crypto market saw about $515 million in positions wiped out and roughly $128 billion erased from total market value. Trading volume in XRP climbed 27.8% to $3.94 billion, signaling heavy activity and potential distribution during the downturn.