XRP drops 14% to $1.46 after seven-month high, triggering $250 million in liquidations

XRP surged more than 46% over the week to a seven-month high of $1.70 before dropping 14% to $1.46 in the last 24 hours, triggering more than $250 million in long-position liquidations, the highest among large-cap cryptocurrencies. The advance extended an earlier reported weekly gain of about 40% that took the token to $1.40, then its highest level since May 18 and the strongest performance among the top 10 cryptocurrencies by market capitalization. XRP ETFs recorded $39.78 million in net inflows over a recent week, their strongest weekly showing since May, lifting cumulative inflows to $1.55 billion as Bitwise led with $16.89 million. The rally coincided with trading volume nearing $10 billion, stronger derivatives activity and XRP futures open interest rising more than 17% to $3.44 billion, while Bitcoin moved above $77,000. Goldman Sachs separately reported $86.50 million across five XRP ETF products in its second-quarter 2026 filing, re-establishing itself as the largest disclosed institutional holder.

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