XRP derivatives traders faced heavy losses on January 19 after a sharp crypto market pullback tied to renewed U.S.-EU trade tensions linked to President Donald Trump\u2019s tariff threats over Greenland.<\/p>\n
The selloff triggered more than $5 million in forced XRP long liquidations, with Binance accounting for over $1 million, as leveraged bets unraveled alongside a broader risk-off move across digital assets.<\/p>\n
According to data shared<\/a> by market analyst Amr Taha on January 18, XRP saw one of its largest single-day long liquidation events this month. Total long liquidations topped $5 million, reflecting traders caught on the wrong side of a fast-moving drop after weekend macro headlines shook sentiment.<\/p>\n The pressure followed a Financial Times report published stating that European capitals were considering tariffs of up to \u20ac93 billion, or about $108 billion, on U.S. goods. The move was described as a potential response to Trump\u2019s threats toward NATO allies over Greenland, and landed just days after the U.S. president confirmed<\/a> new tariffs on several European countries, including Denmark, Germany, and France, starting February 1.<\/p>\n Crypto markets reacted quickly. Bitcoin dropped from above $95,000 to below $93,000 within hours, with the Kobeissi Letter reporting<\/a> that nearly $500 million in leveraged long positions were wiped out in roughly 60 minutes, while trader CW said total liquidations across the market reached<\/a> about $871 million over 24 hours.<\/p>\n XRP followed the broader market lower, amplifying losses for leveraged traders as volatility spiked across major exchanges.<\/p>\n At the time of writing, XRP was trading around $2.00, down about 5% in the last 24 hours, according to CoinGecko data.<\/p>\n The Ripple token has lost roughly 5% over the past week and close to 8% in the past 14 days. Meanwhile, across the past month, it remains modestly higher, up just over 2%, while its one-year gain stands near 39%.<\/p>\n The latest drop pushed XRP toward the lower end of its weekly range, between $1.95 and $2.18, with sellers again defending the $2.10 to $2.15 area.<\/p>\n The move comes despite recent strength in spot XRP exchange-traded funds, which posted<\/a> net inflows of about $57 million last week, reversing brief outflows seen earlier this month.<\/p>\n Still, ETF demand has not translated into sustained price strength, leaving XRP vulnerable during macro-driven risk-off moves.<\/p>\n Technical analysts had already flagged weakening momentum before the liquidation event. An analysis from last Friday by ChartNerd noted<\/a> XRP trading inside a descending channel, with buyers showing interest near $2.00 but failing to reclaim higher resistance.<\/p>\n The January 18 selloff reinforced that caution, as macro headlines once again outweighed crypto-specific positives.<\/p>\n The post XRP Longs Wiped for Over $5M as Trump\u2019s Greenland Tariff Threats Rattle Crypto<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" XRP derivatives traders faced heavy losses on January 19 after a sharp crypto market pullback tied to renewed U.S.-EU trade tensions linked to President Donald Trump\u2019s tariff threats over Greenland. The selloff triggered more than $5 million in forced XRP long liquidations, with Binance accounting for over $1 million, as leveraged bets unraveled alongside a […]<\/p>\n","protected":false},"author":0,"featured_media":128135,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-128134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/128134"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128134"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/128134\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/128135"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}XRP Price Action<\/h2>\n