In the last 24 hours, the crypto market faced a heavy leverage wipeout, with total liquidations totaling about $227.93 million and 79,525 traders forced out. Against this backdrop, XRP exhibited a rare development: a sudden $0 on the short-liquidation line amid the risk-off selling surge.
Data shows XRP’s total liquidations at $10,090, with the majority arising from long positions while short liquidations remained at zero. This does not imply that no shorts existed; rather, the snapshot indicates insufficient leveraged short exposure to trigger forced liquidations. Some shorts may have been pressed into closing manually before hitting liquidation thresholds, leading to ordinary buys and slippage.
Across other assets, the washout was evident, with $99.83 million in liquidations over 12 hours, $7.72 million over 4 hours, and $1.44 million over 1 hour; the largest single liquidation stood at $4.43 million on another name. If XRP’s next move prompts shorts to exit rather than be liquidated, prices could advance with less resistance; if short liquidations resume, bears may be reloading.
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