XRPFrom

XRPUSDT liquidation cascade on September 27, 2026

XRPUSDT fell 4.5% at its peak, then round-tripped to finish 1.7% below its recorded baseline.

Free replays cover the last 7 days and selected events.

Peak move
-4.5%
Net move
-1.7%
Reported liquidations
$9.1M
Largest liquidation
$395K
Duration
48h
Volume
$2.65B
Liquidation cascadeBinance
09-26 19:56 to 09-29 19:56 UTC, including time outside the archive window · 30m candlesLow $1.4642 · high $1.5457
Key moments Modelled liquidation zones as of 10:45 UTC. Candle-based estimates, not observed liquidation orders.

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 0.70 of 1longs liquidated 84%liquidations $9.1Mchart pattern confirmed

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: 2026-09-27T07:56:00.000Z to 2026-09-29T07:56:00.000Z.
  • Recorded baseline: $1.5331. High: $1.5457. End: $1.5075.
  • 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 / tape2.8MLiquidations1.4KLiquidation heatmapVPIN / toxicityOI & positioning
What you will see
  1. XRPUSDT fell 4.5% at its peak, then round-tripped to finish 1.7% below its recorded baseline. The event lasted 48h.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. $9.1M liquidated, largest reported liquidation $395K.
  4. First reported liquidation in this archive at 07:56 UTC, shorts liquidated.
  5. A double bottom broke out at 22:04 UTC.