XRP Market Crash: Egrag Crypto Analyzes the Targeted Liquidations

The cryptocurrency market experienced a dramatic price plunge, with XRP plummeting nearly 70% in just minutes. This sudden drop left traders bewildered and prompted speculation about the cause of this extreme volatility. Crypto analyst Egrag Crypto has offered his analysis on the matter, suggesting that the crash was not merely due to random market fluctuations but rather a coordinated effort to liquidate leveraged long positions, with Binance potentially playing a central role.