XRP Market Suffers Massive Liquidations Amidst Overnight Plunge

A recent surge in XRP’s derivative market has triggered an unprecedented liquidation event, as CoinGlass data reveals a staggering 32,474% imbalance between long and short positions. This one-sided pressure heavily impacted bullish bets, with almost all of the losses concentrated on the short side. The impact was substantial, with approximately $1.26 million worth of long positions being liquidated during this time, while shorts lost less than $3,880. ]