XRP Price Plummets on Crypto Exchange BitMEX, Crashing 58% and Triggering Liquidations

By Daily Hodl Staff

Crypto traders are looking for answers after a massive flash crash that caused the price of XRP to drop 58% in an instant on the crypto exchange BitMEX.

As the price plunged from $0.34 to $0.14, a number of traders say their stop losses were not triggered and their positions were immediately liquidated.

So far, BitMEX has not commented on exactly what caused the crash or if the exchange plans to roll back the clock for traders hit with liquidations.

The collapse has triggered a debate on who, if anyone, is to blame.

XRP is now trading at $0.3249 on BitMEX, which is close to the figure reported by the crypto price aggregator CoinMarketCap, which currently lists XRP at $0.3266.

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