XRP Longs Liquidated In 182% Imbalance Shock

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Violent return to reality for XRP traders. Within 24 hours, a historic imbalance in liquidations triggered instability in the derivatives market and trapped traders. While the crypto collapsed below $2.30, leverage turned against those betting on a continued rally. This seemingly minor technical setback raises questions about the solidity of the narrative surrounding XRP.

In brief

A 182 % imbalance was recorded on XRP long positions, causing a massive wave of liquidations.

In 24 hours, $7.95 million was liquidated, including $7.63 million from longs trapped below $2.30.

Despite this correction, some analysts anticipate a short-term bullish recovery toward $3.20.

Bullish hopes are based on growing institutional adoption and the possibility of an SEC-approved XRP ETF.

A sudden shock : 182 % imbalance

While Ripple secures a major institutional client, namely Guggenheim, the XRP futures market was shaken by an unexpected reversal. In the last 24 hours, a massive liquidation swept through a majority of long positions, generating a 182 % imbalance according to CoinGlass data.#Tradersleague #Xrp🔥🔥 #IsraelIranConflict $XRP $BTC