🚨XRP Panic Moment! Liquidation Imbalance Soars 5438% ⚡ Bulls Completely Defeated 💥📉

The XRP market suddenly shook! In just one hour, the liquidation imbalance rate of XRP soared to an astonishing 5,438%, triggering alarms in the trader community! 📊 A large number of bulls faced liquidation, violently wiping out the market, all because the price slightly dropped below the key support level!

🔍【Severe Data】

According to CoinGlass data, in just one hour, the amount of XRP liquidated reached a staggering $7.64 million! Among them, $7.5 million was from long positions, with the liquidation proportion exceeding 98%, while shorts only lost $140,000 — the market showed an overwhelming one-sided trend! 😱

⚠️【Crash Catalyst】

The price of XRP fell slightly from $2.20 to $2.16, but in a high-leverage environment, this small fluctuation was enough to trigger a chain liquidation, activating the automatic margin call mechanism, leading to the instant collapse of bulls.

📉【Chain Reaction Spreading】

In fact, this extreme liquidation is not the first time! At the end of March, XRP experienced a liquidation imbalance of 1,178%, and this time it has set a new historical record. The entire cryptocurrency market also faced a selling storm, with liquidation amounts reaching $374 million within 24 hours, with BTC and ETH unable to escape.

💡【Market Insight】

The wave of XRP liquidations reflects severe market overheating and inadequate risk management. Investors generally overestimate the upward trend, with overly leveraged positions and serious lack of risk control.

Although the market currently appears slightly sluggish, XRP had a strong rebound in November 2024, indicating that such violent fluctuations may still usher in a new round of market reversal. 📈

Do you think this liquidation is a temporary pullback, or the calm before the storm? 🌪️