![](\"http:\/\/www.thebusinesschain.com\/wp-content\/uploads\/2025\/04\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDgvOWFiYzY1ZTEtMGE3Mi00ODkwLWIyODYtZmRmNDM3OTBlYWQ1.jpg\")
<\/p>\n<\/p>\n<\/p>\n<\/p>\n
<\/p>\n
XRP (XRP<\/a>) fell on April 7 as the wider crypto market sold off, and the US-led tariff war dragged on into a third day. Nearly $60 million worth of XRP futures positions were liquidated over the last 24 hours and analysts said that the lack of enthusiasm among derivatives traders was weighing down XRP price.<\/p>\n XRP\/USD daily chart. Source: Cointelegraph\/<\/em>TradingView<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n<\/p>\n This broader crypto market correction stemmed from the risk-off sentiment recently adopted by traders.<\/p>\n US President Donald Trump recently announced trade tariffs on US trading partners as part of his administration’s economic strategy. Targeting nations like China and the EU with steep import taxes, these tariffs have ignited fears of a global trade war. <\/p>\n XRP, just like other risk-on assets, is particularly sensitive to such disruptions. Investors are worried that reduced international trade volume could dampen demand for XRP’s use case, driving its price down. <\/p>\n XRP’s bearishness on April 7 is accompanied by significant liquidations in the derivatives market, signaling strong downward pressure. Over $59 million worth of long XRP positions were liquidated, and $11.56 million in short liquidations took place.<\/p>\n Total XRP liquidations. Source: CoinGlass<\/em><\/p>\n<\/figcaption><\/figure>\n The scale of these liquidations mirrors the period between Feb. 2 and Feb. 4, when a total of $112.25 million in long XRP positions were wiped out. This accompanied a 40% drop in price from $2.97 to a four-month low of $1.76 over the same period.<\/p>\nXRP drops in tandem with the broader crypto market<\/h2>\n
Over $59 million in long XRP positions liquidated<\/h2>\n