Ripple’s XRP plunged nearly 42% intraday on October 11, 2025, tumbling from $2.83 to $1.64 before recovering to around $2.36. The drop triggered one of the largest single-day liquidations this year, with over $16 billion in leveraged crypto positions wiped out. Analysts attributed the sharp move to cascading liquidations and elevated derivatives leverage following Bitcoin’s tariff-driven selloff. Broader crypto market capitalization fell by roughly $190 billion during the same session.