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XRP traders felt the heat over the last 12 hours as long positions were wiped out at a rate that is difficult to ignore. Liquidations on the long side added up to $9.94 million, while shorts barely registered to $431,260. That is a 2,306% difference — a rare imbalance, even for crypto.
You do not see this kind of ratio every day, and what it indicates is that a large group of traders expected XRP to rise, but then the market pulled back quickly.
Crypto liquidations across the board for the same time frame came in at $424.63 million. Most of that — $363.13 million — came from long trades. While XRP’s total was not the highest, the split between long and short liquidations puts it in a category of its own.
Chart performance tells part of the story. While the XRP price rose steadily throughout the early hours, hitting around $2.47, by midday it had quickly dropped below $2.30 before bouncing back slightly to trade near $2.36. This timing coincides with the liquidations, suggesting that automated sell-offs from over-leveraged long trades fueled the drop once the price turned.
Across all coins, over 162,000 traders were liquidated in the past 24 hours, adding up to $551.66 million. BTC and ETH took the biggest hits at $120.84 million and $109.93 million, respectively, but XRP stood out due to the magnitude of its one-sided liquidations.
The takeaway here is not new: when too many traders use leverage and lean in the same direction, it does not take much to shake things up. For XRP, the numbers make that clear.
Vladislav Sopov
U.Today Editorial Team