**XRP Sees Extreme 8,466% Liquidation Imbalance Amid Market Turbulence**
XRP experienced a staggering 8,466% surge in liquidation imbalance over a 12-hour period, resulting in heavy losses for bullish traders. The dramatic shift was driven almost entirely by long-position liquidations, revealing a sharp reversal in market sentiment despite minimal price movement.
Data from CoinGlass shows $514,600 in total XRP liquidations, with longs accounting for $508,040—compared to just $6,565 in short liquidations. This extreme disparity made it one of the most lopsided liquidation events of the day.
Surprisingly, XRP’s price remained relatively stable, fluctuating between $2.14998 and $2.15758 before closing with a modest 0.20% gain. The massive long-side liquidations suggest traders were overleveraged and stopped out by even a slight downturn, while the lack of short liquidations indicates an overwhelmingly bullish bias that quickly unraveled.
The event coincided with broader market volatility, as total liquidations across all cryptocurrencies reached $36.40 million. Ethereum led with $6.56 million in liquidations, followed by Bitcoin at $3.25 million. While XRP’s liquidation volume wasn’t the highest, its extreme long-short imbalance made it a standout case.
This unusual activity highlights how leveraged positions can amplify losses even in a sideways market, catching overconfident traders off guard.
