XRP Liquidation Imbalance: 36,283% Shift Highlights Volatility in Bull Market

A significant liquidations event occurred in the XRP market today, resulting in a drastic imbalance of long and short positions. According to data from CoinGlass, long positions were liquidated at a rate 36,283% higher than shorts within just one hour, with a $3.27 million loss for longs compared to a mere $9,040 loss on the shorts side. This extreme imbalance has raised concerns about unexpected volatility in XRP’s price action.