The crypto market continues its sell-off, dragging down most assets, including XRP, which has fallen by 3.82% over the past 24 hours. According to CoinGlass, the total amount of liquidations in the cryptocurrency market reached $378 million. XRP showed a slight increase of 0.18% over the last week; however, after a recent peak of $1.62 on September 25, the price tested the level of $1.47, closing the weekend with two consecutive days of decline.
Among the liquidations, XRP is experiencing a 980% imbalance, as traders betting on a rise found themselves trapped amid the market sell-off. Of the total liquidation volume of $11.99 million, $10.88 million came from long positions (traders expecting a rise), while short traders lost $1.11 million. This situation has led to an unexpected liquidation imbalance, highlighting the market's instability and warning investors about the risks associated with overheating long positions.
It is worth noting that most assets in the top 10 are also trading in the red zone, losing between 2% and 7%. This week, investors are anticipating significant economic data releases, including the core PCE index, quarterly GDP growth data, as well as employment and unemployment reports. This data could impact forecasts for the Fed's interest rates and the overall market situation.
Throughout October, XRP is also preparing for important updates: the activation of Batch and fixBatchV1_2 is scheduled for October 9, while permission delegation may start on October 8, 2026, provided there is support above 80% during the two-week activation window. Additionally, Ripple Swell is scheduled for October 27-29, 2026, and the XRP Seoul event will take place on October 3, 2026, at the Grand Hyatt Seoul as part of Korean Blockchain Week.
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