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XRP Drops 7% to $2.27 as Daily Chart Confirms Death Cross; Analysts Set Three Downside Targets

first published 2025-11-13T22:42:43Z
Altcoin Trading Etf Price Macro Staking
After the Canary spot XRPC ETF launch, XRP corrected sharply, wiping out roughly $10 million in derivatives positions over four hours. Coinglass reports $9.09 million of long liquidations versus $271,060 in shorts (a 3,254% imbalance) that favored bears and pushed XRP to retest about $2.30. Traders described the move as a "buy-the-rumor, sell-the-news" reaction as ETF-related bullish expectations failed to materialize.
AI Analysis
Coinglass data shows $9.09M in long liquidations vs $271,060 in shorts (3,254% imbalance) and roughly $10M wiped in four hours; price retested about $2.30 after the Canary spot XRPC ETF launch and traders labeled it "buy-the-rumor, sell-the-news." These facts indicate significant short-term bearish pressure and potential for continued selling into the ETF event.
Expected Investor Sentiment: Neutral
Potential Market Impact: High
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