Analyst Says XRP Price Drop Is a ‘Black Swan’ Event

XRP has become the focus of the crypto market after experiencing one of its sharpest intraday declines in recent ￰1￱ market commentator Chad Steingraber described the incident as an “XRP Black Swan,” pointing to the scale of losses that accompanied the broader market crash on October ￰2￱ global financial landscape suffered a sudden shock following an unexpected policy announcement by ￰3￱ Donald Trump, who declared that his administration would introduce an additional 100% tariff on goods imported from ￰4￱ move reignited fears of a renewed trade conflict between the world’s two largest economies, sparking heavy sell-offs across equities, commodities, and digital ￰5￱ panic spread, the total value of the cryptocurrency market dropped below $4 trillion, landing around $3.7 ￰6￱ of dollars in leveraged positions were liquidated within hours, leaving the market in one of its most volatile trading sessions to ￰7￱ made with an XRP Black Swan The biggest XRP LONG liquidation ever at nearly HALF A BILLION –> $422.103Million ￰0￱ ￰8￱ — Chad Steingraber (@ChadSteingraber) October 10, 2025 XRP Drops $1.27 in a Single Day Before the sell-off began, XRP had been trading in a relatively stable range around $2.80, showing moderate strength despite broader market uncertainty.

However, the sudden wave of panic selling erased those ￰9￱ the afternoon of October 10 (UTC), the token had fallen sharply, reaching an intraday low of $1.53, a loss of approximately $1.27 within ￰10￱ the steep fall, XRP later regained some ground as buyers stepped in to stabilize ￰11￱ asset closed the day at $2.35, reflecting a significant recovery from its daily low but still ending the session in negative ￰12￱ from CoinGlass confirmed that the turbulence triggered one of the largest liquidation events ever recorded in the crypto ￰13￱ a 12-hour window, more than $19 billion worth of leveraged positions were wiped out across major ￰14￱ are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Of this amount, long traders absorbed most of the impact, losing around $16.7 billion, while short traders accounted for roughly $2.4 billion in ￰15￱ figures later in the day showed the total amount of liquidations rising slightly to $19.31 billion, as both long and short traders continued to face margin calls amid the persistent volatility. ‘XRP Black Swan’ Becomes a Defining Moment According to Steingraber , XRP’s price collapse represented the largest single-session liquidation event in the token’s ￰16￱ referred to it as an “XRP Black Swan,” emphasizing the scale and suddenness of the market ￰17￱ data supported this assessment, showing that XRP traders collectively lost $707 million over the past 24 ￰18￱ positions bore the majority of the losses, totaling $615.46 million, while short positions accounted for approximately $91.96 ￰19￱ have noted that this is the most severe liquidation event XRP has experienced since its inception.

Currently, XRP is trading around $2.47, marking a 12.13% decline over the previous 24 hours and extending its weekly drop to 17.43%. The event underscores the growing fragility of leveraged trading in the digital asset market and highlights how swiftly sentiment can reverse in reaction to geopolitical ￰20￱ : This content is meant to inform and should not be considered financial ￰21￱ views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s ￰22￱ are urged to do in-depth research before making any investment ￰23￱ action taken by the reader is strictly at their own ￰24￱ Tabloid is not responsible for any financial ￰25￱ us on Twitter , Facebook , Telegram , and Google News