XRP hits YTD low amid $14M liquidations

TLDR

XRP (XRP) has dropped to a new year to date low after a wave of forced liquidations of leveraged positions.

1. XRP briefly fell to about $1.19, its lowest level this year, as roughly $14 million in XRP long positions were liquidated in a single sell off.
2. The move came during a wider crypto deleveraging event tied to macro jitters and geopolitical tension, with over $1.2 billion in leveraged crypto positions wiped out.
3. XRP now sits in a technically weak zone, where leverage, ETF flows, and support levels around $1.10 to $1.20 will likely decide whether this is a local bottom or more downside.

Deep Dive

1. Scale Of The XRP Flush

Reporting shows XRP dropped to a new year to date low near $1.188 on 3 June 2026, before stabilizing just under $1.22. This left the token down nearly 34 percent for the year so far.

In the same move, long traders absorbed about $14.06 million in liquidations, with most of the wiped positions on the long side, according to one detailed breakdown of the event. Another analysis notes that over a broader 24 hour window, XRP derivatives liquidations exceeded $25 million, again heavily skewed toward longs, highlighting how crowded the bullish leverage was.

2. Why The Liquidations Hit So Hard

The XRP move did not happen in isolation. A sharp market wide sell off saw more than $1.12 billion in leveraged crypto positions liquidated as Bitcoin dropped below $63,000, with XRP singled out as hitting a new year to date low during this flush.

Geopolitical tension, particularly U.S. military action against Iranian assets, and broader macro uncertainty around inflation and interest rates added to risk off sentiment, according to coverage of the XRP drop and the wider market. At the same time, XRP specific flows show a divergence, with one report noting record monthly inflows of about $118 million into U.S. spot XRP ETFs even as price slid to a multi month low, suggesting institutional buying has not fully offset speculative selling.

3. Levels And Signals To Watch

Technically, XRP has broken below prior support zones that sat around $1.30, with some analysts flagging $1.10 to $1.15 as the next structural support area and noting oversold indicators such as a low Relative Strength Index.

Reports highlight that XRP now trades below its 50 and 200 period moving averages, a pattern consistent with a bearish trend where bounces can be sharp but often face heavy selling into resistance in the $1.30 to $1.40 zone. On the flows side, continued net inflows into XRP ETFs and any reduction in aggressive leverage on derivatives venues would be early signs that forced selling is easing, while renewed long crowding would keep liquidation risk high around key levels.

Conclusion

XRPs year to date low and roughly $14 million liquidation hit fit into a broader picture of overextended leverage meeting a risk off macro backdrop. The combination of crowded longs, weak technical structure, and external macro shocks amplified the downside, even as institutional ETF inflows provided only partial support. How XRP behaves around the $1.10 to $1.20 band, and whether leverage resets or rebuilds, will likely determine if this move marks a capitulation phase or just another step in an ongoing downtrend.