XRP fell by $1.27 on October 10, dropping below $2 for the first time in months during a massive market sell-off. The cryptocurrency market experienced its largest liquidation event ever, with $19.14 billion in positions liquidated within 12 hours, heavily impacting long positions. XRP leveraged traders suffered $615.46 million in losses, marking the largest loss in the token's history, as analyst Chad Steingraber described the event as an 'XRP Black Swan.'