XRP Rockets 10,409% in Extreme Liquidation Imbalance

Key Points

1. XRP's liquidation imbalance reached 10,409% as long positions lost $37.85 million versus $360,000 from shorts.

2. The liquidation wave occurred when XRP dropped from $3.38 to $3.26.

3. Total crypto liquidations during the event amounted to $167.79 million in one hour.

4. Across the broader cryptocurrency market, 175,039 traders faced liquidations in 24 hours, totaling $507.85 million, with long positions accounting for $380.66 million.

5. XRP's 24-hour trading volume was $38.21 million, second only to Ethereum's $44.68 million among popular trading options.