XRP Rockets 100% in Volumes Amid $1.72 Billion Market Crash: Details

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News The crypto market intensified an earlier sell-off on Friday with $1.74 billion liquidated in the last 24 hours, according to CoinGlass data . Long positions, or traders expecting prices to rise, accounted for the majority of this figure. Advertisement A total of $1.64 billion in long crypto positions were liquidated in the last 24 hours, indicating risk-off sentiment as investors consider what's ahead. A successor to Federal Reserve Chair Jerome Powell is expected to be announced soon, with indications pointing to former Fed Governor Kevin Warsh. Warsh's track record of prioritizing inflation risks during the global financial crisis, combined with his affinity for monetary discipline, has spooked analysts and markets. HOT Stories Ex-Ripple CTO: ‘Rational People’ Don’t See $100 XRP Yet Crypto Market Review: Shiba Inu (SHIB): Are There Any Chances? Is XRP Eyeing $1.50? Bitcoin (BTC) Under Bearish Control U.Today Crypto Digest: Ripple Exec Confirms XRP as Priority, Shiba Inu (SHIB) Price Eyes 10% Spike, Fidelity Launches RLUSD Competitor on Ethereum Legendary Crypto Trader Shares Two Charts That Should Terrify Bulls You Might Also Like Fri, 01/30/2026 - 09:34 XRP and Bitcoin Are in Top 5 Most Popular Assets Right Now: Details By Arman Shirinyan Advertisement The cryptocurrency market fell further late Thursday as Warsh's odds surged on the betting markets. XRP volume jumps 100% Amid the market drop, XRP trading volume has risen 100% in the last 24 hours to $5.73 billion. XRP's price breakdown occurred on significant volumes, confirming institutional participation rather than a low liquidity slide. XRP is extending its slide into the third day. The crypto asset saw a sharp sell-off on Thursday, falling from $1.91 to $1.77. Advertisement The drop coincides with outflows from XRP ETFs. According to SoSoValue, spot XRP ETFs saw about $92.92 million in daily outflows on Jan. 29, suggesting institutional profit-taking. At press time, XRP was down 7.22% in the last 24 hours to $1.73 and down 8.89% weekly. The next support is expected for the XRP price at $1.61. XRP created a double top, testing a high of $1.94 twice on Jan. 26 and 28. A decisive break above here will target $2, which coincides with the daily MA 50 and then $2.41 and $2.52 (the daily MA 200). Heading into February, analysts will be watching for broader macro signals that could signal a shift toward risk-on sentiment. In XRP Ledger news, version 3.1.0 of rippled, the reference server implementation of the XRP Ledger protocol, was introduced this week. This release introduces Single Asset Vaults, the Lending Protocol and "fixBatchInnerSigs," as well as bug fixes. #XRP News #XRP Price Prediction #XRP #Federal Reserve #XRPL