XRP Bulls Stunned by 3,090% Liquidation Imbalance as Crypto Market Stalls

According to data from the analytical platform Coinglass, $9.57 million in XRP positions were liquidated across exchanges over the past 24 hours. Long positions accounted for $9.27 million compared with just $299,997 in short liquidations. On the shorter scale, XRP liquidations amounted to $853,930, including $681,200 in long positions and $172,780 in shorts. On Friday, XRP saw even bigger liquidations – $16.7 million in total, with $16 million in long liquidations. This event followed a massive market collapse on November 5, after the BTC price suddenly reversed its trend. XRP is currently trading at $1.16, down 1.81% over the past 24 hours, while its market cap has declined 1.75% to $72.7 billion. XRP's open interest is up only 1.4% over 24 hours, sitting at $1.37 billion.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to U.Today.