XRP Flash Crash: Liquidity Drought Triggers Dramatic Price Drop

A recent analysis by cryptocurrency expert Dom (@traderview2) sheds light on the sudden decline of XRP’s price. The post highlights a phenomenon known as liquidity drought, which can destabilize markets quickly. Through a comparative chart depicting Binance and Coinbase’s XRP spot markets, Dom reveals how rapid withdrawal of orders in these exchanges preceded the dramatic plunge from above $2.80 to below $1.50. 50% of order book depth vanished within seconds.