4% XRP Drop Could Trigger Massive Liquidations Worth $60 Million

XRP, the cryptocurrency tied to Ripple Labs, has experienced a notable surge in price recently, gaining 11.36% over the past 30 days. However, this upward momentum may be setting the stage for increased volatility. Data from Coinglass reveals that long positions totaling over $60 million could be liquidated if XRP dips by just 4%, reaching the crucial price point of $2.063.