XRP traders have recently experienced a significant and unexpected wipeout, predominantly impacting bull traders over the last 24 hours. Data indicates that approximately $2 million in positions were liquidated during the most recent daily session, with the vast majority, specifically $1.62 million, belonging to long positions. In stark contrast, only $365,680 in short positions were liquidated, highlighting a severe imbalance in the market sentiment.

This disproportionate liquidation event has resulted in an alarming 342.9% liquidation imbalance, primarily against XRP traders who were betting on a potential price increase. Meanwhile, bearish traders suffered minimal losses. This imbalance underscores the intense downward pressure XRP's trading price has been experiencing, continuing its deeper plunge despite earlier broad expectations of a brief price rebound.

Looking ahead, the trajectory for XRP appears challenging, with indications pointing towards a negative close for 2025. The asset has consistently failed to recover its positive mid-year levels and is currently facing renewed pressure. The recent liquidation session, characterized by a sharp disparity between bullish and bearish positions, contributes to growing uncertainty regarding XRP’s near-term performance, suggesting it will end the year in "deep red territory."

Throughout the majority of Q3, XRP has endured severe price corrections, and its overall performance in 2025 has been largely underwhelming. Despite multiple attempts at recovery, the price has struggled to maintain any sustained upside momentum. The year-to-date performance further illustrates this struggle, showing that XRP has not only lost all gains achieved during its earlier bullish cycles but is now down 11.3%. Its value has fallen from a yearly high of $3.65 to recent lows near $1.65.

Currently, XRP shows no immediate signs of recovery, reinforcing concerns that it may indeed close the year in a significantly negative position. Adding to these concerns, XRP ETFs have also witnessed a slowdown in their positive performance, with no inflows recorded during their last trading session, indicating a broader lack of investor confidence in the immediate future.