XRP reversed sharply after reaching $1.65 on September 23, falling as low as $1.45 and registering an 8.18% 24-hour decline in the newer report, while earlier data showed a 6.91% drop toward $1.50 and a 15.96% weekly gain. The token’s selloff liquidated $31.48 million in XRP positions, including $29.54 million in longs and $1.94 million in shorts, producing a reported 1,522% liquidation imbalance. Across crypto markets, $610 million in positions were liquidated. XRP had risen from $1.24 on September 16, gained in six of the next eight sessions and formed its first daily golden cross of the year. Santiment placed XRP’s 365-day MVRV at approximately negative 11.75%, indicating long-term holders remained underwater, while macro pressure increased as Treasury yields reached multi-decade highs and traders priced in a more than 75% chance of another Federal Reserve rate increase at its October meeting.