The XRP token experienced significant losses after over $9.9 million in liquidations from long positions were triggered by market volatility. Analysts attributed this to a shift in sentiment, highlighting the potential risks associated with leveraged trading during price swings. While XRP briefly climbed past the $2.47 mark before a subsequent drop, traders facing steep losses as market conditions soured, leading to an imbalance where only short positions accounted for a negligible amount of liquidations. Technical analysis suggests a downtrend as prices struggle to break resistance at the $2.45 level. 12-hour price movements reveal the potential risks of high leverage in a fast-changing market environment.