'Crypto Isn't Going Away': XRP Ledger Contributor Reacts to $1.04 Billion Market Crash

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 A total of $1.04 billion has been liquidated across the crypto market amid a broader sell-off on Thursday. A total of $868 million in bullish positions across the crypto market was liquidated in the past 24 hours, while shorts accounted for $174 million, according to CoinGlass data . Advertisement XRP was hit hard in the market sell-off, dropping 15% at one point on Thursday. At the time of writing, XRP was down 14.41% in the last 24 hours to $1.37, having previously reached an intraday low of $1.32. In the last 24 hours, XRP total liquidations reached $34.64 million as it extended an earlier sell-off this week. HOT Stories Morning Crypto Report: XRP Officially Decouples From Bitcoin Amid $850 Million Bloodbath, Ripple's Main Japanese Ally to Launch Own Blockchain, Shiba Inu (SHIB) Eyes 26% Discount Thanks to Bear Market Mark Dow: I Want Bitcoin to Go to Zero Amid the price crash, top XRP Ledger validator Vet remains optimistic, highlighting that "crypto isn't going away" in a tweet. Advertisement I know you feel down given the market recently. It's part of the journey! Crypto is improving non stop and this industry isn't going away. It's destined to revolutionize finance. We'll bounce back like we always do, just make sure you're in a good place mentally first! ❤️ — Vet (@Vet_X0) February 5, 2026 Vet wrote in a tweet: "I know you feel down given the market recently. It's part of the journey. Crypto is improving non stop and this industry isn't going away. It's destined to revolutionize finance.We'll bounce back like we always do, just make sure you're in a good place mentally first." XRP flashes crucial recovery signal XRP saw a sharp drop on Thursday, falling to $1.326 from a high of $1.51 and extending its drop from Feb. 3 into the third day. XRP is down 27% weekly, amid a brutal sell-off with nearly half a trillion dollars wiped off from the total crypto market value. Advertisement You Might Also Like Thu, 02/05/2026 - 10:55 XRP Ledger Close to All-Time Highs as XRP Price Is Barely Breathing By Arman Shirinyan Amid the price crash, XRP open interest has increased 3.23% in the last 24 hours against a broader drop for major cryptocurrencies as traders short the recent dip. If shorts dominance builds up in the coming sessions, a short squeeze-fueled increase might trigger a relief rally for the XRP price . The daily RSI has plunged deeply into the oversold zone, now at 19, hinting at a potential rebound in the coming sessions if the market recovers. In this case, XRP will target $1.91 and $2.47 next. Major support is expected next at $1 ahead of $0.50 if the market sell-off continues. In XRP Ledger news, Permissioned Domains has gone live on the XRPL Mainnet, while the Permissioned DEX has achieved validator consensus to activate in two weeks. Once this is achieved, the full "permissioning stack," including Credentials, Permissioned Domains and Permissioned DEX, will be available for institutions to access compliant liquidity pools on XRPL. #XRPL #Cryptocurrency #Crypto Liquidations