Core Insights - XRP experienced a significant decline of over 17%, reaching approximately $1.25, marking its worst one-day performance since October 2025, amid a broader crypto market selloff [2][3] - A total of $46 million in XRP derivatives were liquidated within 24 hours, predominantly from leveraged long positions, indicating a substantial impact from leveraged trading [2][5] - Despite the price drop, XRP spot ETFs have continued to attract net inflows, totaling around $24 million this week and surpassing $1.2 billion in cumulative inflows since their launch in November 2025 [2][7] Market Performance - XRP's weekly losses have accumulated to nearly 30%, with its market capitalization falling to approximately $75 billion from a peak of $210 billion in July 2025 [4] - The price decline has pushed XRP 45% below its January 2026 high of $2.41, reflecting deteriorating market conditions [4] Liquidation Dynamics - The liquidation of $46 million in XRP derivatives was primarily driven by bullish bets, with $43 million attributed to long positions, leading to a cascade of stop-loss orders [5][6] - The broader crypto market saw approximately $1.42 billion in total liquidations on the same day, with long positions accounting for $1.24 billion [6] ETF Inflows - Institutional inflows into XRP exchange-traded funds have remained robust, with inflows recorded on all but four trading days since the ETF's launch [7] - In contrast, Bitcoin ETFs faced significant outflows, totaling approximately $545 million on a single day, highlighting the differing investor sentiment between XRP and Bitcoin [8]