🚨 XRP FLASH CRASH OR CLEANSE? 🚨
On April 30, $XRP tanked to $2.15, triggering a massive 1000% liquidation imbalance — $13.9M in longs vs just $1.49M in shorts. 😱 Overleveraged longs got brutally flushed as cascading sell-offs exposed shaky sentiment.
📉 Futures Open Interest dropped 4%, signaling a leveraged exodus. Yet XRP bounced back fast to $2.20, showing resilience — or was it just a dead cat bounce? 🐱👤
Now the market’s split:
🟢 Bulls see it as a healthy reset
🔴 Bears warn of more pain, with weak OBV and mid-range RSI (55) offering no clear conviction
But zoom out:
💥 SEC paused appeal vs Ripple
💰 RLUSD hits $300M market cap
📈 10+ XRP ETFs filed, approval odds at 80%
🏦 Ripple acquired Hidden Road, processing $10B+ daily
Fundamentals? Still rock solid. The price? Shaky but recovering.
This isn’t just a chart story — it’s a battle between fear, leverage, and long-term conviction. 👀
📌 Stay sharp. Shakeouts are where narratives are tested — and strong hands are built.