XRP brief drop to 1.28 dollars follows 300 million liquidation

XRP lost the 1.30 dollar level overnight into October 27, 2026, falling to a low of 1.28 dollars before recovering, CryptoTicker.io reported. By the afternoon of October 27, the asset had climbed back to 1.32 dollars, which was 1.3 percent higher than its level 24 hours prior. CryptoTicker.io attributed the temporary price drop to a wave of forced liquidations targeting long positions. [1]

The market volatility was driven by more than 300 million dollars in long positions being force-closed, according to CryptoTicker.io. The publication noted that the sell-off subsided as the liquidation wave completed its course, allowing the price to regain lost ground later in the day. [1]

Market participants are monitoring three key events over the next eight days, CryptoTicker.io reported. The United States Federal Reserve is scheduled to deliver an interest rate decision on Wednesday, followed by Ripple's monthly escrow release on November 1. Additionally, a delayed upgrade to the XRP Ledger blockchain is set to take place on November 4. [1]

The Federal Reserve serves as the central banking system of the United States and was established in December 1913 under the Federal Reserve Act, Wikipedia describes. Its monetary policy decisions, including interest rate adjustments, routinely influence broader market conditions and digital asset valuations. [1][3]