On Saturday, XRP bulls suffered extreme liquidations as the price declined 7.23%. Data show growing pressure on leveraged traders, with liquidations heavily skewed toward long positions.
In the past hour, total liquidations reached $493.94K, including $135.74K in longs and $358.19K in shorts. Over the last four hours, liquidations climbed to $4.80 million, with $3.92 million in long positions and $880.69K in shorts. Over the last 12 hours, total liquidations hit $9.14 million, including $8.08 million in longs and $1.06 million in shorts. Over the last 24 hours, liquidations totaled $13.86 million, with $12.56 million in long positions compared to $1.31 million in shorts, indicating that bullish traders have borne the majority of recent losses.
XRP is currently trading at $1.28, down 7.19% over the past 24 hours, with its market capitalization falling 7.08% to $78.77 billion. On Saturday, cryptocurrencies and crypto-related stocks fell alongside a broader risk-off move in markets, with XRP trading in the red.
Saturday’s sell-off, which saw over $515 million in total liquidations in the last 24 hours, comes as investors weigh recent macro concerns. High volume during a decline often reflects aggressive selling and possible liquidation pressure in derivatives markets, contributing to XRP’s downside move today.
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