XRP Takes Lead in Liquidation Amid Bearish Consolidation

A recent surge in XRP liquidation activity suggests a potential downturn for the cryptocurrency. According to CoinGlass data, XRP outperformed Bitcoin (BTC) in hourly liquidations during the last hour, indicating increased leveraged exposure for XRP and potentially amplifying volatility. 🤯 This shift favors long positions by a significant margin. While Bitcoin’s hourly liquidations were considerably lower at approximately $823,340, both markets exhibited a heavy skew towards long traders with losses exceeding short positions. The massive imbalance signals strong anticipation for a market breakout.