What to Know: XRP liquidations surpass $21 million as bullish traders absorb losses. Falling Binance activity and weak indicators continue to pressure XRP prices. Community fears grow while s
XRP holders are growing increasingly concerned as the cryptocurrency continues to slide toward critical support levels, triggering more than $21 million in liquidations across derivatives markets while declining trading activity on Binance and worsening technical indicators fuel concerns that the latest correction could extend further in the coming sessions.
According to CoinGlass data, XRP recorded $21.46 million in liquidations over the past 24 hours, with long traders accounting for $18.75 million of those losses as many market participants bet on a recovery, only for bearish momentum to strengthen and force leveraged bullish positions out of the market.
Short-term liquidation data revealed a similar trend, as bullish positions represented $17.23 million of the $19.20 million liquidated during the previous 12 hours, highlighting the extent to which traders continued betting on a rebound despite persistent weakness across the broader market.
Meanwhile, Binance-related trading activity stood at approximately $463.62 million while XRP traded near $1.20, a notable decline from the elevated levels recorded during previous rallies and a sign that market participation has weakened as investors become increasingly cautious amid continued price deterioration.
Source: Coinglass
The decline in exchange activity suggests buyers are becoming less aggressive at current price levels, while historical market data shows that XRP’s strongest advances have generally been accompanied by rising trading volume, whereas prolonged corrections have often occurred alongside declining participation from both retail and institutional traders.
Technical indicators also continue to reflect a challenging environment for bullish investors, with XRP trading near $1.1353 on the daily chart while remaining below several important technical levels that traders frequently monitor when assessing market direction and momentum.
Source: Tradingview
Additionally, XRP has fallen below the Bollinger Band midline at $1.3114 and slipped beneath the lower band near $1.1666, a development that typically reflects sustained selling pressure and a market structure that remains tilted in favor of sellers rather than buyers.
The Relative Strength Index has also dropped to 21.14, placing XRP deep within oversold territory and illustrating the magnitude of the recent decline, although such readings have historically preceded temporary relief rallies whenever selling pressure eventually begins to ease.
The ongoing decline has also fueled concern among XRP investors across social media platforms, with many holders attempting to assess whether the current selloff represents another temporary correction or the beginning of a deeper decline toward lower support zones.
Popular XRP community member CharuSan XRP disclosed that he received numerous direct messages from concerned investors as the market weakened, indicating that uncertainty has increased significantly among holders who have watched the asset surrender key price levels during the latest downturn.
I am receiving too many DMs today, many of you are in a panic.
I understand your concern, but right now I don't care about this situation. Because this feels like watching a rerun of a movie I've watched in the past. Deja vu
++++*Size of Derivatives Markets: $846 Trillion… pic.twitter.com/SfdXEM38SM
— CharuSan XRP (@CharuSan83) June 4, 2026
Despite the growing panic, CharuSan argued that the current market conditions resemble previous downturns experienced by long-term XRP supporters, while also emphasizing that several major financial sectors frequently associated with XRP’s long-term adoption narrative have yet to play a meaningful role in the asset’s valuation.
He pointed to the estimated $846 trillion derivatives market, $150 trillion global stock market, $496 trillion debt market, and DTCC’s $4.7 quadrillion annual transaction volume, arguing that these larger financial systems remain largely disconnected from XRP’s current market value despite their frequent inclusion in broader discussions surrounding the cryptocurrency’s future potential.
Also Read: Ethereum’s Entire DeFi Ecosystem Now Unlocked For XRP With Latest RLUSD Expansion: Details
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