XRP experienced a 2008% liquidation imbalance due to intensified market sell-off, with long positions being forcibly closed.
According to U.Today, citing CoinGlass data, XRP fell during the market sell-off early on Saturday, leading to forced liquidations for leveraged long traders, resulting in a 2008% liquidation imbalance. The data shows that total XRP liquidations reached $7.92 million, with long positions accounting for $7.55 million and short positions for $375,900. Over the past 24 hours, XRP has dropped 3.09% to $1.27, extending its decline for the third consecutive day.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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