What To Know:
- XRP rose about 1.9 percent to near $1.93, outperforming Bitcoin, Ethereum, and most large-cap tokens, while derivatives activity stayed subdued and retail sentiment remained bearish with low participation.
- Bitcoin traded in a tighter range around $86,870 to $87,400, with liquidations dropping to roughly $62 million.
- But on-chain analysts continued to flag uneven price action ahead as leverage adjusts.
Ripple’s XRP has emerged as one of the stronger performers among major cryptocurrencies on Tuesday night, and posted modest gains while Bitcoin and Ethereum traded with limited momentum. The move came as on-chain analysts continued to caution that Bitcoin’s period of heightened volatility has not fully passed, despite a visible cooling in price action compared to last week.
XRP Tops Bitcoin and Ethereum in Performance
XRP rose around 1.9 percent over the past 24 hours, trading near $1.93 at the time of writing. The advance placed it ahead of Bitcoin and most large-cap altcoins, which recorded smaller daily moves.
Derivatives data from CoinGlass showed relatively subdued activity around XRP, with total liquidations of roughly $3.52 million over the same period.Most of these liquidations came from long positions, suggesting that leveraged traders were trimmed even as prices moved higher. Retail sentiment around XRP remained cautious. Data from Stocktwits indicated that sentiment stayed in bearish territory and was accompanied by low levels of online discussion. The lack of strong retail engagement highlighted a market move driven more by positioning than by renewed speculative enthusiasm.
Bitcoin’s price action appeared steadier following sharp swings seen earlier in the month. The largest cryptocurrency was trading around $87,400 on Tuesday night before easing slightly to near $86,870, reflecting a gain of about 0.6 percent over the past 24 hours. Liquidations tied to Bitcoin totaled approximately $62 million during the period, sharply lower than the $174 million recorded the previous day.
On-chain analytics firm Glassnode said Bitcoin has recently shifted into a more active trading phase. When prices dropped toward the $80,000 level last week, traders moved to hedge against deeper declines amid elevated uncertainty. That activity has since moderated, but analysts said the market structure still points to uneven conditions ahead.
According to Glassnode, the reduction in extreme price swings does not signal a return to a smooth upward trend.Instead, analysts expect choppier trading, with sharp moves remaining possible as leveraged positions adjust. Retail sentiment on Stocktwits reflected this caution, and stayed in extremely bearish territory with limited chatter over the past day .Ethereum continued to attract the largest share of forced position closures across the market. ETH hovered near $2,941, posting marginal daily gains of less than 0.1%.
Despite the stable price, Ethereum recorded close to $105 million in liquidations over the past 24 hours, the highest among major tokens.The concentration of liquidations suggested ongoing deleveraging in Ethereum derivatives markets.Retail sentiment remained extremely bearish, but the discussion levels on Stocktwits have gone down from normal to low, pointing to fading short-term interest among smaller traders.
Several other large-cap altcoins traded higher alongside XRP, though gains varied in size.Solana rose roughly 3 percent to trade near $127.84. Liquidations tied to SOL totaled about $7.49 million, with long positions accounting for nearly half of the total. Retail sentiment shifted from neutral to bearish, while chatter stayed low.
Dogecoin advanced around 0.7 percent to approximately $0.131. Liquidations reached about $2.6 million, largely driven by long positions.The data suggested that speculative exposure was reduced even as prices edged upward. Retail sentiment around DOGE remained extremely bearish with muted discussion.
Binance Coin posted a marginal increase of 0.1%, trading near $866.59. Liquidations were limited to under $0.5 million, and were reflecting lighter leverage.Retail sentiment stayed bearish with low engagement levels.TRON traded close to $0.28, rising at 0.2% on the day. Liquidations remained minimal, totaling under $30.24K. Retail sentiment stayed bearish, although discussion levels were reported as normal.
Cardano gained about 1.1% to trade near $0.38. Liquidations reached roughly $1.17 million, mostly from long positions, as traders continued to scale back exposure. Retail sentiment went down further into extremely bearish territory, with chatter declining to low levels. Across the global crypto market, total liquidations stood at approximately $203.11 million over the past 24 hours.
Also Read: Ripple’s XRP ETF Crosses $1 Billion AUM in Less Than a Month
