Recently, the Crypto Assets market has once again staged a thrilling performance. The price of XRP stabilized around $2.17 in early July, and then it moved sideways within the range of $2.14 to $2.35. However, this calm situation did not last long.

On July 9th, the XRP market suddenly exploded, with a daily increase of nearly 4%, breaking through the previous sideways range. This was just the beginning; the following trend can be described as a textbook-level rise. From July 9th to 21st, XRP exhibited an astonishing upward momentum, accumulating a total increase of up to 53% within just 12 days, continuously producing multiple bullish candles, unstoppable.

However, the harsh reality of the market soon became apparent. On July 22, the bulls were severely hit, with over $100 million in long positions forcibly liquidated. This event triggered a panic sell-off in the market, causing the price of XRP to plummet sharply, even affecting Bitcoin, which fell by 13.65%.

By analyzing on-chain data, we can see the reasons behind this sharp decline. Many investors chose to take profits after gaining considerable returns, shifting the market pressure onto the last entrants. This kind of 'rise first, then fall' extreme volatility again reminds us of the high-risk nature of the Crypto Assets market.

This series of events not only demonstrates the high volatility of the crypto assets market but also highlights the importance of investment strategies and risk management. For investors participating in such markets, it is particularly important to remain calm, analyze rationally, and participate moderately.