XRP Price Plunges 1000% Liquidation Imbalance Sparks Fears of Further Drops

The XRP price experienced a sharp drop on April 30, reaching a low of $2.15. This triggered a significant liquidation imbalance, with $13.9 million in long positions being liquidated while only $1.49 million in shorts were affected. This drastic discrepancy highlights the strong long bias currently dominating the market, and could amplify further price drops if XRP falls again.