XRP faced an unprecedented liquidation imbalance of 33,928%, with most liquidations occurring in short positions amounting to 247,400 USD. The sudden price surge that brought XRP above 2.10 USD caught short traders off guard, indicating a significant build-up of bearish positions.
The total liquidated amount in the cryptocurrency market reached approximately 13.74 million USD within the same hour, highlighting broader market volatility and the challenges traders face. This notable imbalance in XRP’s market has generated noteworthy interest in the trading space.
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