Xrp Skyrockets 158% In Volume As Market Hit With $874 Million Sell-Off

XRP trading volume surged 158% to $3.62 billion over the past 24 hours, even as its price fell alongside the broader crypto market amid renewed fears of U.S. tariffs on European goods. The sell-off has pushed XRP down 4.1% to $1.97, marking its 12th loss in the past 13 days despite a rally earlier this month.

Overall, nearly $878 million in crypto positions were liquidated in the last 24 hours, primarily from long trades, as digital assets mirrored sharp declines in equity futures markets. Safe-haven assets like gold and silver rose, while XRP's earlier gains, including a high of $2.41 on Jan. 5, have nearly been erased as it hovered near the $1.82 level.

The $2 mark remains a key level for XRP, with a potential recovery above it considered critical for regaining bullish momentum. The token's recent price volatility highlights increased trader repositioning and profit-taking after a strong start to 2026.