{"id":11427,"date":"2025-09-22T15:49:09","date_gmt":"2025-09-22T15:49:09","guid":{"rendered":"https:\/\/bitunikey.com\/news\/xrp-price-flash-crash-triggers-75m-liquidations-will-it-rebound\/"},"modified":"2025-09-22T15:49:13","modified_gmt":"2025-09-22T15:49:13","slug":"xrp-price-flash-crash-triggers-75m-liquidations-will-it-rebound","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/xrp-price-flash-crash-triggers-75m-liquidations-will-it-rebound\/","title":{"rendered":"XRP price flash crash triggers $75m liquidations: will it rebound?"},"content":{"rendered":"
\n

The XRP price experienced a major flash crash that erased most of the gains made earlier this month.<\/p>\n

\n
\n Summary<\/span>\n <\/div>\n
\n
    \n
  • XRP price crashed, leading to a $74 million in liquidations.<\/li>\n
  • The coin may rebound as the recently launched XRP ETF gain momentum.<\/li>\n
  • The SEC will likely approve multiple XRP funds in October.\u00a0<\/li>\n<\/ul><\/div>\n<\/div>\n

    <\/p>\n

    XRP liquidations jump amid crypto flash crash<\/h2>\n

    Ripple (XRP) traded as low of $2.7082, its lowest level since Sept. 1. It was down about 26% from the year-to-date high of $3.6600.<\/p>\n

    The XRP price action coincided with the ongoing crypto market crash <\/strong>as the recent profit-taking intensified. It also happened as the total liquidations in the last 24 hours jumped by 842% to $1.7 billion.\u00a0<\/p>\n

    XRP\u2019s bullish liquidations soared to $75 million, the highest point since July 23, when they hit $82 million. Liquidations occur when exchanges close leveraged positions because collateral is not enough to cover potential losses.<\/p>\n

    Still, the XRP token has some potential bullish catalysts that could push it higher in the near term. The first major catalyst is that the recently launched REX-Osprey XRPR ETF is seeing substantial inflows, a sign of strong demand from American investors.<\/p>\n

    <\/p>\n

    It has already accumulated over $10 million in assets despite its 0.75% expense ratio. Its performance, together with that of leveraged ETFs like Teucrium\u2019s XXRP and ProShares\u2019 UXRP, suggests that other Act 33 funds will have a strong reception.<\/p>\n

    In a recent statement, Crypto.com\u2019s CEO predicted that spot XRP ETFs will see over $8 billion in inflows in the first 12 months. His statement mirrored one made by JPMorgan earlier this year.<\/p>\n

    Polymarket odds of an XRP ETF approval have jumped to over 96%. If this happens, odds are that it will occur in October, when the final deadlines of most proposals are due.<\/p>\n

    XRP price technical analysis\u00a0<\/h2>\n
    XRP price chart | Source: crypto.news<\/figcaption><\/figure>\n

    The daily chart shows that the XRP price has plunged in the past few months, moving from the year-to-date high of $3.6600 to a low of $2.7082 today.<\/p>\n

    On the positive side, the coin has formed a hammer candlestick pattern, which often leads to a strong bullish breakout.<\/p>\n

    Also, the coin remains inside the descending channel that has formed since July. This channel is part of a bullish flag pattern, which often leads to a strong breakout.<\/p>\n

    If this happens, the initial target to watch will be the all-time high of $3.6598, which is about 27% above the current level. The bullish XRP forecast will become invalid if it drops below the lower side of the channel.<\/p>\n

    <\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

    The XRP price experienced a major flash crash that erased most of the gains made earlier this month. Summary XRP price crashed, leading to a $74 million in liquidations. The…<\/p>\n","protected":false},"author":1,"featured_media":11428,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=11427"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11427\/revisions"}],"predecessor-version":[{"id":11429,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11427\/revisions\/11429"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11428"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=11427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=11427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=11427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}