XRP Liquidation Claims Put $1.1588 in Focus, but the Data Needs a Timestamp
A report citing CoinGlass described a sharp wave of XRP liquidations, driven largely by traders betting on higher prices with leverage. The figures and chart levels may capture a moment of market stress. But without dates and archived records, they remain claims, not a verified account of trader losses or a reliable forecast of XRP’s next move.
- Liquidated position value is not the same as trader losses.
- The reported figures lack a clear date and verifiable historical record.
- $1.1588 was presented as a risk level, not a guaranteed trigger.
The report said more than $30 million in XRP positions held by traders betting on a rise were liquidated over five days. It also cited $16.75 million in liquidations in a single day, including $16.01 million in long positions, and said $8.06 million in XRP positions were liquidated on Binance.
Those figures suggest a long squeeze: prices fall, leveraged buyers get forced out, and their positions may add to selling pressure. But the available CoinGlass dashboard record does not include the historical XRP figures needed to check the report. It shows no matching data for top liquidation events and no data in its total-liquidations table. That gap does not prove the figures are wrong. It does mean they cannot be independently verified using the record available here.
The report also omits the year and exact dates behind “five days, ” “Friday, ” and “the weekend.” It links the reversal to optimism on November 4, but gives no year or time-stamped market data to establish that sequence. It also does not specify which XRP markets and exchanges were included in the totals.
Liquidations are not a measure of losses
Leverage lets traders control positions larger than their collateral would normally support. When a trade moves against them and their collateral falls below an exchange’s requirements, the exchange may automatically close the position. That forced closure is a liquidation.
But the value of a liquidated position is not necessarily the amount the trader lost. Position size, collateral, fees, and the closing price all matter. Liquidation figures should use the data provider’s precise metric, such as liquidated position value or liquidation volume, rather than being treated automatically as money lost. Crypto liquidation totals can balloon during severe market stress, as seen in reported 2025 liquidation figures. Those totals still need clear definitions.
The claim that more than 3, 600 traders lost their deposits completely is also unsupported by the available records. A liquidated position does not prove that a trader’s entire account balance was wiped out. That would require separate account-level evidence.
The reported daily figures do not add up exactly as written: $16.01 million in longs plus $746, 000 in shorts equals $16.756 million. That is close to the stated $16.75 million, and the difference may come from rounding or truncation. The reported 95.54% long share also cannot be checked precisely using rounded component figures. Unrounded values would be needed to resolve the arithmetic.
Price and chart readings need context
The report put XRP at $1.1799 by the weekend, down 6.41% over the preceding days. It described a long upper wick on the weekly XRP/USD chart, failed attempts to move above $1.22, and XRP trading below its 50 and 100 exponential moving averages (EMAs). It listed the 100 EMA at $1.271.
These readings depend on timing. Without a date, price feed, chart interval, and indicator settings, they cannot be reproduced or treated as current conditions. The same goes for the reported Relative Strength Index (RSI) reading of 33.21 and the claim that an earlier bearish divergence had played out.
An EMA gives more weight to recent prices than a simple moving average. RSI measures momentum. A reading near 33 is weak and close to the commonly used 30 “oversold” mark. Neither an EMA break nor an RSI reading guarantees a further decline or a rebound. Indicators describe price action. They do not tell you what happens next.
What the $1.1588 level can, and cannot, tell traders
The report identified a nearby CoinGlass “long pain” zone at $1.1588, 1.79% below the quoted price of $1.1799. That percentage matches the two stated prices, but the underlying price snapshot and liquidation level are unverified. The available information also does not explain how CoinGlass calculated the zone or what exposure it represents.
Other projections tied to the level are harder to assess. The report put the chance of XRP reaching $1.1588 within 24 hours at roughly 50%, but did not identify the model or its methodology. It projected that another 928, 900 in positions could be closed if the level failed, without giving a currency or unit. A separate estimate of less than $500, 000 in sell pressure below the market does not define what “sell pressure” measures.
These projections are not actionable forecasts. Liquidations can amplify a decline, but the figures provided do not show how much they contributed to XRP’s reported move or whether a particular price level would trigger another cascade. Broader market outlooks based on historical patterns are no guarantee either. That includes claims that Bitcoin’s strong third quarter points to a wild fourth.
Key questions about the XRP liquidation claims
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Were more than $30 million in XRP trader losses confirmed?
No. The figure was attributed to CoinGlass, but the available historical record does not verify it. It is also unclear whether it refers to trader losses or the value of liquidated positions.
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Did long positions account for most of the reported liquidations?
The report says $16.01 million of a $16.75 million daily total came from longs. The underlying figures are unverified, and the rounded amounts do not add up exactly to the stated total.
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Was $1.1588 verified as a liquidation level?
No. The report called it a CoinGlass “long pain” zone, but the available record does not confirm the level, explain how it was calculated, or establish whether XRP later reached it.
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Should traders rely on the 50% forecast or the 928, 900 figure?
No. The forecast’s method is unidentified, and the projected position figure has no stated unit or scope.
Leveraged positions can make a market move more severe. But liquidation figures need clear dates, definitions, and coverage before they can support a confident conclusion. Until those details are available, treat the XRP numbers as unverified market claims, not a ledger of confirmed losses or a map of where the price is headed.
