XRP Rockets 366,941% in Abnormal Bull Liquidations in Hourly Bloodbath
Main Idea
XRP experienced a significant price surge and abnormal liquidations, with long traders suffering massive losses, while whale activity and trading volume increased.
Key Points
1. XRP price surged over 2.5% in the past day, reaching $3.26, with daily trading volume up 62.7% to $6.6 billion.
2. Hourly liquidations totaled $803,388.84, with long traders losing $803,170 (a 366,941% imbalance compared to shorts).
3. Whale activity increased, including a $16.62 million leveraged trade and a $53.4 million XRP transfer to Coinbase.
4. On-chain analyst Ali Martinez noted whales accumulated over 130 million XRP within 24 hours during a price dip.
Description
XRP mildly bullish, with massive liquidation imbalance recorded in just one hour
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