$XRP at exactly $3.2646. However, here are some notable, well-documented liquidation events and market dynamics affecting XRP:
In a recent downturn, the derivatives market saw a massive imbalance in long liquidations—with over $2.61 million in longs wiped out, compared to just about $34,130 in shorts. That’s a staggering 7,676% discrepancy, pointing to heavy overleveraging on the bullish side.
Another report shows that $39 million in long positions were liquidated during a sharp move below $3.00, alongside a 26% plunge in futures open interest to $8.13 billion.
On Binance, XRP recorded its third-largest long liquidation event of the year, with roughly $86 million wiped out within hours.
🔴 XRP Long Liquidation Flash Drama!
BOOM! A tidal wave of long positions just got crushed—imagine $1.17K being swept away at $3.2646, as bulls were caught off-guard and forced to bail.
The Scene:
The long side’s overconfidence at $3.26 just turned into a trap—stop-losses triggered, margin calls flew, and the price just fell through like wet paper.
With the floor gone, shorts got handed a free pass to rack up gains—this could set the stage for a short squeeze rebound if bulls bounce back with fire.
What’s Next?
Eyes on that $3.00–$3.10 region: if buyers pour in, imagine a whipsaw rally as short-covering fuels frenzy.
But tread carefully—if support cracks, the script could quickly switch from rebound to rout.
Let me know if you’d like this post lean into verified data—like comparing this event to the $39M or $86M liquidation blasts—or stick with pure speculative drama with added technical flair. I can dial it up however you like.