XRP Plunges 42%, Triggering $19 Billion Cryptocurrency Liquidation Event

The cryptocurrency market experienced a dramatic downturn this week with a significant sell-off triggered by massive liquidations of positions across major digital assets, especially XRP. The token saw its biggest single-day drop this year, falling over 42%. This event wiped out an astounding $19 billion in crypto positions within just 24 hours, marking one of the most volatile trading sessions seen in recent months.