XRP collapsed as much as 42% in Friday’s trade, its sharpest one-day drop in recent years, as whales liquidated across major venues and futures open interest fell $150 million.

The selloff drove price as low as $1.64 before a partial recovery to $2.36, with volumes surging 164% above the 30-day average — a sign of forced deleveraging across corporate desks. What to Know • XRP fell from $2.82 to $2.36 between Oct 10, 01:00 and Oct 11, 00:00, posting a 16% daily loss. • Intraday volatility peaked at 43%, with prices briefly wicking to $1.64 during high-frequency liquidation sweeps. • Institutional futures open interest dropped from $9.0B to $8.85B as long liquidations hit $21M versus $2M shorts. • 320M XRP transferred to exchange wallets in the past week, confirming whale distribution press

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