XRP Price Plummets 14%, Bull Trap Fears Rise Amid $250M Long Liquidations

The XRP price has dropped by 14% after a sharp correction, and long liquidations have topped $250 million. This decline raises concerns that the market may be approaching a bull trap before it reaches its predicted target of $2.

This week saw one of the most bullish periods since the Q3 2025 cycle began, with XRP rising over 46% and forming a long upper shadow at $1.70. However, the past 24 hours have shown a significant pullback from this high, with XRP closing at $1.46.

The recent correction has led to more than $250 million in long positions being liquidated, accounting for over 72% of all liquidations. This suggests that traders who were expecting the price to continue rising have been significantly affected.