XRP Liquidation Imbalance Hits 2,008% as Price Slides to $1.27

XRP dropped 3.09% in the last 24 hours to $1.27 early Saturday, a decline that triggered a 2,008% liquidation imbalance as leveraged bullish traders faced forced position closures. CoinGlass data indicates total XRP liquidations reached $7.92 million during this period, with long positions accounting for $7.55 million and short positions for $375,910. This imbalance reflects a market environment where traders betting on higher prices are being liquidated at a substantially greater rate than those betting on further declines.