XRP just printed a number that may make even experienced traders pause - a 5,438% imbalance in long vs. short liquidations within one hour. That is not a typo.
According to the liquidation heatmap byCoinGlass, XRP saw $7.64 million in total liquidations over the past hour - $7.50 million of that from long positions. Shorts? Just $140,000.
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But, what happened?XRP’s price action tells part of the story. The token dropped from the $2.20 region, breaching psychological support levels before stabilizing near $2.16. The move, while not catastrophic in price terms, was enough to knock out leveraged longs en masse - especially as cascading liquidations fed the drop.
Most cryptocurrencies saw mixed liquidation ratios throughout the day, but XRP’s case - over 98% of liquidation volume coming from one side - stands out. It is the kind of move that suggests not just miscalculation but mispositioning across the market.
Whether it was overconfidence or a simple lag in stop-loss automation, bulls clearly did not see it coming.
Zooming out, the overall market was not left aside either. Over $374 million in total liquidations swept through the crypto space in just 24 hours, with more than 162,000 traders caught on the wrong side of the action.
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Bitcoin and Ethereum led the flush with $33.68 million and $29.2 million in liquidations, respectively, largely echoing the same tilt that hit XRP - but without the same extreme imbalance. The largest single liquidation order came from OKX’s BTC/USDT pair, clocking in at over $5 million.
Are we looking at a systemic long bias in XRP trades, or just a one-off flush before trend reversal? That is the question now.
