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XRPFrom

XRPUSDT liquidation cascade on September 23, 2026

XRPUSDT fell as much as 10.2% and finished 5.4% below its recorded baseline.

Investigate XRPUSDT →Research the setup at 07:56 UTC →🔒 Replay with Pro →

Free replays cover the last 7 days and selected events.

Peak move
-10.2%
Net move
-5.4%
Reported liquidations
$15.9M
Largest liquidation
$394K
Duration
48h
Volume
$3.70B
Liquidation cascadeBinance
09-22 19:56 to 09-25 19:56 UTC · 30m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-09-25 19:45 UTC.

Key moments

Times in UTC. Select one to replay from that minute. Phase totals and extremes are retrospective; sequence details show when the closed-minute reading was known.
Fall to the lowRetrospective phase · $695K shorts reported liquidated · $10.3M longs reported liquidated · contract OI -10.7% · -10.2%Large rejecting wick1.5%Largest long-liquidation minuteReported total over one minute; selected retrospectively · $2.4MVolume climax$46.7MFlash move+0.9%Funding flipped negative-0.005%
5 more momentsLow$1.4513After the extremeRetrospective phase · $1.8M shorts reported liquidated · $1.4M longs reported liquidated · contract OI -1.1% · +5.4%Largest short-liquidation minuteReported total over one minute; selected retrospectively · $271KRecovered half50% retracedLargest liquidationlongs liquidated · $394K

Research markers

Why the liquidation cascade label?

These observations support the label. They do not show what caused the move or who started it.

Label confidence 0.78 of 1longs liquidated 84%liquidations $15.9M

How these numbers are measured

Peak and net moves start from the recorded baseline, which can differ from the replay's first price.

Liquidations are reported venue snapshots; orders a venue left out are not rebuilt.

Exact definitions
  • Replay window: 2026-09-23T07:56:00.000Z to 2026-09-25T07:56:00.000Z.
  • Recorded baseline: $1.617. High: $1.6211. End: $1.5301.
  • Detected Sep 14, 2026 · 18:46 UTC. Episode baseline $1.3681 at Sep 12, 2026 · 07:56 UTC.
  • The liquidation cascade label describes the detected event class, so a later reversal changes the net move without silently changing the classification.
  • Price-extreme and wick times mark the source candle, not the exact tick.
Data provenance and methodology →
What the replay includes
Recorded streams
Order book (L2)7.9MTrades / tape3.6MLiquidations1.9KLiquidation heatmapVPIN / toxicityOI & positioning
What you will see
  1. XRPUSDT fell as much as 10.2% and finished 5.4% below its recorded baseline. The event lasted 48h.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. $15.9M liquidated, largest reported liquidation $394K.
  4. Capitulation wick of 1.5% at 14:13 UTC.
  5. Funding flipped negative at 00:07 UTC (-0.005%).
  6. Clawed back half of the move by 17:03 UTC.