ETH and XRP lead weekend crypto losses

TLDR

Ethereum (ETH) and XRP (XRP) are among the worst hit large caps in the latest weekend crypto selloff, dropping around 11 percent in 24 hours.

1. ETH and XRP fell about 11 percent over 24 hours and roughly 18 percent on the week, leading large cap losses as a weekend crash erased around 100 billion dollars from crypto value.
2. The move was driven mainly by thin weekend liquidity, nearly 1 billion dollars of long liquidations, macro jitters around a U.S. government shutdown, and XRP specific ETF outflows rather than project news.
3. The key things to watch now are how quickly leverage rebuilds, whether ETF flows stabilize, and whether support for ETH near recent lows and XRP around 1.70 dollars can hold as liquidity returns.

Deep Dive

1. Scale Of ETH and XRP Losses

Fresh market data shows ETH down about 11.44 percent and XRP down 11.08 percent over the past 24 hours, with both roughly 18 percent lower on the week, outpacing many majors by a clear margin.

One detailed weekend recap notes that a weekend crypto market crash erased about 100 billion dollars in value, with ETH and XRP leading declines while Bitcoin fell less.

This pattern fits a familiar regime where Bitcoin holds relatively better while high beta major alts like ETH and XRP absorb more of the downside when risk appetite deteriorates.

2. Why Selling Hit Them Hard

Derivatives data points to a positioning washout. One report highlights nearly 1 billion dollars in long liquidations, with ETH accounting for about 385 million dollars and XRP seeing tens of millions in forced unwinds as support broke.

At the same time, a partial U.S. government shutdown, hot inflation and Middle East tensions have pushed traders toward safer positioning, which usually means smaller altcoin risk and more caution buying dips.

XRP also faced its own flow headwind. Spot XRP ETFs saw about 52 million dollars in net outflows over the week, alongside separate reports of over 70 million dollars in XRP futures liquidations, amplifying downside once key levels failed.

3. What To Watch Next

In the near term, the main signals are whether liquidation volumes cool and funding rates normalize, which would suggest the worst of the mechanical deleveraging is over.

For flows, any stabilization or return to net inflows in XRP spot ETFs, and a slowdown in large on chain transfers, would point to reduced selling pressure.

On levels, ETH is now well below recent support zones, and XRP is hovering around the 1.70 dollar area flagged by several analyses as key; repeated failures there could invite another leg lower if macro stress persists.

Conclusion

ETH and XRP leading weekend losses reflects a mix of macro anxiety, thin liquidity and concentrated leverage unwinds, not a single token specific shock. If you track these assets, the next meaningful signals are whether derivatives and ETF flows calm down and whether support areas attract real spot buying as full weekday liquidity returns.