XRP long traders faced significant losses as the cryptocurrency market experienced a $285 million sell-off in 24 hours. Data from CoinGlass revealed that XRP long positions lost $3.22 million, vastly outpacing the $504,790 lost by short positions, resulting in a liquidation imbalance of 537%. Despite XRP's modest 0.37% gain to $1.31, traders anticipating a stronger rebound towards $1.50 were caught off guard, leading to rapid liquidations across global exchanges. The sell-off comes as XRP ended the first quarter down 27.1%, marking its steepest quarterly decline since 2018. Although daily trading volume increased by 2.47% to $2.06 billion, indicating sustained interest, the token's weekly performance remained negative, down 2.69%. Analysts warn of potential further declines, with XRP's technical outlook against Bitcoin suggesting a possible 41% drop if market pressures persist.