XRP Plunges 721,735% in Sudden Bloodbath: Liquidations Reach Record Levels

An unexpected crash in XRP prices sent shockwaves through the crypto market on Wednesday. A rapid reversal saw long traders liquidated at an unprecedented scale in a single hour, causing a near $474,000 loss. According to CoinGlass data, these liquidations were amplified by nearly 721,735% as the price dropped sharply. Short liquidations were minimal, indicating a clear imbalance favoring the long side.