XRP Market Plunges: 3,000% Liquidation Imbalance Unveiled

A dramatic liquidity event has shaken the XRP market. Data from CoinGlass reveals a startling imbalance, where over $14 million was liquidated within 24 hours, with nearly all the losses attributed to long positions ($11.02 million). The price action reflects this volatility, hitting an immediate low and failing to rebound. A descending staircase pattern on the five-minute chart highlights the downward trend.