⚠️ $XRP Lags as Bitcoin’s Violent Spike Triggers $387M in Liquidations
XRP significantly underperformed the broader market today after a sharp and unexpected Bitcoin surge wiped out more than $387 million in leveraged positions across major exchanges. While BTC’s jump liquidated thousands of shorts, altcoins — especially XRP — failed to capture the upside momentum.
🔍 What Happened
A sudden BTC price spike triggered a cascade of short liquidations, totaling $387M across the crypto market.
XRP declined in relative performance, struggling to regain intraday resistance levels as liquidity rushed into Bitcoin.
Analysts say the move highlights a growing trend: BTC volatility dominates, while altcoins face liquidity drainage during sudden market swings.
📉 Why XRP Underperformed
Capital rotation flowed heavily toward BTC following the liquidation shock.
XRP’s technical structure remains weak, with traders avoiding riskier altcoins during volatility.
Market sentiment shows increasing caution toward assets lacking strong catalysts — XRP included.
🔮 Outlook
XRP must reclaim key support zones to avoid further downside.
A sustained BTC rally without altcoin participation could keep XRP range-bound and vulnerable to further sell-pressure.
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