币界网报道:XRP traders faced significant liquidations totaling $7.18 million as the cryptocurrency's price dropped by 4% amid broader market volatility. The sell-off was triggered by a combination of profit-taking and negative sentiment surrounding Ripple's ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). Data from Coinglass showed that long positions accounted for the majority of liquidations, with $5.2 million wiped out compared to $1.98 million in short positions. The price decline pushed XRP below key support levels, testing the $0.50 psychological threshold before stabilizing around $0.52. Analysts noted that the altcoin's performance remains closely tied to Bitcoin's movements, with the broader crypto market experiencing downward pressure due to macroeconomic uncertainties. Despite the recent dip, some traders remain optimistic about XRP's long-term prospects, citing Ripple's growing partnerships in cross-border payments and potential regulatory clarity following the SEC case resolution. The XRP community continues to monitor developments in the lawsuit, which could significantly impact the token's valuation depending on the final judgment. Market observers suggest that volatility may persist until clearer regulatory frameworks emerge for cryptocurrencies in major jurisdictions.