Sees 1,805.7% Liquidation Imbalance as Bulls Take Hit

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XRP traders got a rude awakening when they saw what happens when leverage meets a sudden intraday reversal.

In the last 12 hours, long positions on XRP were liquidated at a rate 18 times higher than shorts — $952,790 versus just $52,800, That is a 1805.7% imbalance, a figure that immediately stands out in today's market activity.

The setup was pretty typical: #XRP had been climbing all day, hitting a high of around $2.31 after a steady rise from the early-session low of $2.27. Then, just before the sell-off began, the price made one last upward push toward $2.36, but then it reversed sharply within the next few candles. That is when things went south.