XRP Short Liquidations Rise as Price Reaches $1.40

XRP short liquidations surged past $8.05 million over 24 hours as the token climbed roughly 7.87% to retest the $1.40 level, forcing leveraged short positions off exchanges and adding mechanical buying pressure to an already accelerating spot move. What to Know About XRP's Move to $1.40 CoinGlass data placed XRP at $1.3958, up 7.87% over the reported 24-hour window, with $5.49 billion in futures volume and $3.02 billion in open interest outstanding at the time of the snapshot. For related coverage, see Six Years of Bitcoin Data Show NFP Reports Are Not a Major Price Driver. XRP price $1.3958 Up 7.87% over 24 hours in CoinGlass's reported snapshot. CoinGecko independently confirmed XRP at $1.39, with a 7.73% 24-hour gain, a market capitalization of approximately $87.7 billion, and $4.17 billion in spot volume. The two readings are consistent across snapshot windows, corroborating the price level cited in the headline. For related coverage, see XRP Leverage Reaches Multi-Month High on the World's Largest Exchange. Total 24-hour XRP liquidations reached $10.41 million, split between $8.05 million in short liquidations and $2.36 million in longs. A contemporaneous CoinMarketCap snapshot recorded $7.64 million in short liquidations, modestly lower due to the difference in measurement timing; both readings confirm short exposure dominated the forced closures. 24-hour XRP short liquidations $8.05M Reported short-liquidation total during XRP's move back to $1.40. The short-to-long liquidation ratio of roughly 3.4:1 indicates net short positioning in the derivatives market was caught offside by the move, a pattern echoed in earlier broad-market sessions where Bitcoin, Ether, and Solana posted accelerated gains alongside multi-billion-dollar liquidation events. Why XRP Short Liquidations Can Accelerate a Rally A short liquidation occurs when a leveraged short position breaches its margin threshold and the exchange's risk engine forcibly buys back the underlying asset to close the position. That forced buy adds to order-flow demand without reflecting organic spot conviction, a distinction critical to interpreting any liquidation-driven price move. The $5.49 billion in 24-hour futures volume recorded on CoinGlass reflects exchange-driven closes rather than discretionary positioning, which can overstate directional conviction. Prior data showed XRP leverage reaching multi-month highs on major exchanges, meaning the short book entering this move carried above-average liquidation sensitivity. For context, altcoin liquidation imbalances exceeding 2,000% in prior sessions illustrate how skewed positioning can amplify forced-close cascades. The crypto Fear and Greed Index stood at 56 (Greed) during the move, a sentiment reading that sits in mildly risk-on territory but does not independently explain the magnitude of the derivatives flush. XRP Levels and Derivatives Signals to Watch Next With $3.02 billion in open interest remaining after the short flush, a material derivatives book is still live.