XRP is showing phenomenal strength and strong recovery just days after suffering the largest prolonged sell-off in history.
On October 11, more than $610 million in XRP long positions were wiped out, according to data shared by analyst Chad Steingraber.
The liquidation, described by traders as a “Black Swan” event, marked the biggest flop the token has ever seen. It shook the leveraged markets on many major exchanges such as Binance, OKX, and Bybit.
Despite the historic drop, XRP is back in action and showing resilience. On October 13, the token was trading at $2.56, up 6.75% in the last 24 hours, with the market capitalization surpassing $153 billion. Trading volumes also rose more than 40%, indicating renewed activity as traders reposition themselves following the decline.
However, analysts remain divided on where XRP is headed next. Market analyst ScalpingX shed light on a “pivot zone” around $2,376-$2,394 and commented that holding this band could trigger a push towards resistance levels of $2,475-$2,511, and potentially the token could go as high as $2,583.
On the downside, failing to defend support could see the token retreat towards $2,298-$2,316, exposing deeper pockets of liquidity.
Others say the sell-off has eliminated overleveraged positions and could pave the way for a healthier uptrend. On October 12, one analyst wrote: “There are almost no sellers left on centralized exchanges,” indicating that supply pressure could at least ease somewhat in the short term.
Still, risk warnings persist. Analysts note that XRP is currently stuck in a relatively scarce liquidity region, meaning it may experience intense volatility in the near term. At the time of writing, XRP faced $20.38 million in liquidations over the past day, split between $10.59 million longs and $9.79 million shorts, according to Coinglass.
Despite the shakeout, the token remains resilient, with analyst DustyBC Crypto maintaining that the token could still target the $4 level.
Related: Over $19 Billion Liquidated in Worst Crypto Crash Since COVID
This story was originally published by TheStreet on October 13, 2025, where it first appeared in the Business News and Analysis section. Add TheStreet as a preferred source by clicking here.