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XRP traders just got hit with a brutal cleanout as, in the last four hours, $8.13 million in positions were liquidated and longs carried almost all of it - $7.34 million wiped against only $785,000 in shorts, according to CoinGlass. The ratio works out to 935%, one of the heaviest imbalances against bulls seen on a top-cap coin in this new week.
It did not happen in one wick. The XRP price faded from above $2.60 to lows at $2.41 before settling around $2.44. Every push lower forced another batch of longs to exit, and the liquidation counter kept climbing.
In the meantime, shorts barely moved, showing that sellers did not need much leverage to keep control.
Across crypto, $241.6 million were liquidated in the same four-hour window. Ethereum accounted for $64 million, Bitcoin $60.9 million, Solana $13.8 million, Binance Coin $8.3 million.
But the imbalance highlights how XRP’s positioning was far more aggressive than its counterparts, leaving bulls vulnerable to round two of cascading liquidations.
XRP price right now
The key level now is $2.50. It was support, now it is resistance. Bulls need it back or the chart opens up to $2.40 and below. Until that reclaiming happens, leverage remains tilted and upside runs into the same problem that just erased long positions almost ten to one.
Traders looking for relief will be watching Bitcoin dominance for signs of a pivot, but as it stands, XRP's positioning is still heavy, and the imbalance leaves no margin for error.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team