Abnormal 51,209% Liquidation Imbalance Absolutely Stuns XRP Bears

Key Points

1. XRP saw a liquidation footprint of $415,610 in the last hour, with almost all liquidations concentrated on the short side (only $812.87 on longs).

2. The price of XRP climbed to $2.98 after rebounding from a dip below $2.95, defying expectations of a breakdown.

3. The liquidation imbalance of 51,209% was highly unusual compared to other assets like Ethereum, which had more balanced liquidation flows.

4. The move occurred while market attention was focused on Bitcoin and Ethereum, making XRP's surge relatively under the radar.

5. The extreme liquidation imbalance suggests a potential setup for a larger price movement beyond just a short-term bounce.