Retail panic has gripped XRP over the past few months, driven by sharp price drops, aggressive liquidations, and a complete breakdown in market sentiment. The shift from confidence to fear happened quickly, and once it started, it formed a chain of reactions-each new wave of selling triggered the next. The mood flipped after XRP failed to hold its July high near $3.67. Every pullback triggered stop-losses and margin liquidations, dragging the price from $3.05 to $2.52 and eventually toward $2.20 in November.
The recent crypto flash crash hit traders and investors by surprise, with most crypto charts painted in red as billions were wiped from portfolios overnight. Bitcoin ( CRYPTO: BTC) and Ethereum ( CRYPTO: ETH) were not spared, with the duo seeing double-digit losses as traders hastily liquidated positions. According to reports from , over 1.6 million traders were liquidated within 24 hours after the crash.
