XRP Bulls Dreamed of $1.50, Got $1.31 and a $3.2M Liquidation Bill

XRP is having one of those weeks where the gap between moon math and reality couldn't be wider. The asset saw a liquidation imbalance of 537% as the broader crypto market shed $285 million, with CoinGlass data showing long position traders getting absolutely wrecked for $3.22 million in just 24 hours. Apparently, the bulls decided that buying the dip was a great strategy—right up until it became a great strategy to get rekt.

The setup felt promising. XRP showed recovery signs, and bulls were betting hard on a push toward $1.50. Instead, the coin flipped between a daily high of $1.32 and a low of $1.28, thoroughly disappointing everyone who thought the dip was just a buying opportunity. As of writing, XRP sits at $1.31—a whole 0.37% higher than yesterday, which is frankly insulting to anyone who went long.

Weekly decline currently sits at 2.69%, though trading volume did tick up 2.47% to $2.06 billion. Maybe these traders are just stubborn. Or maybe they're remembering that April has historically been kind to XRP. Either way, nobody wants to miss the breakout that may or may not happen.

Short sellers weren't exactly celebrating either, with their liquidations coming in at a comparatively tame $504,790. Apparently, being short XRP is the only trade that doesn't feel like licking the walls of a cement mixer, but only marginally.

The bigger concern? XRP closed Q1 2026 with its worst performance since 2018, dropping 27.1% to $1.33. The current price is already trading below that dumpster fire of a quarter. Technical analysis on the monthly chart against Bitcoin is looking bearish, with some analysts projecting a potential 41% decline against BTC if market pressure continues.

XRP holders could really use some good news. Soon.