XRP Rockets 4,628% In Liquidation Imbalance As Price Faces Bearish Reset

Key Points

1. XRP's price surged above $3 but quickly declined to $2.81, resulting in a 3.53% drop in 24 hours and $159,820 in long position liquidations.

2. A liquidation imbalance of 4,628% was recorded within an hour, with $3,380 liquidated from bearish bets.

3. Profit-taking and speculation about a potential ProShares XRP ETF launch contributed to the volatility, though no official confirmation exists.

4. A whale transferred 497.5 million XRP between unknown wallets after the price hit $3.

5. XRP's RSI at 83.56 indicates an overbought condition, while trading volume increased by 20.62% to $11.3 billion.