XRP Experiences Massive Liquidations: A Record High Outpacing Bitcoin

XRP witnessed a dramatic surge in liquidations in the past hour, with long positions taking a major hit. $792,320 in total XRP liquidations came from long-side trades, while shorts only accounted for $13,250. This skewed ratio produced a staggering 5,840 percent long-to-short ratio, leaving XRP outpacing Bitcoin in total liquidation volume. Bitcoin, which typically leads the market in liquidation metrics, recorded only $574,690 in total liquidations.