XRP Falls to $1.44 as $12.5M Liquidated in 24 Hours, 96% Longs
- —XRP fell 3.48% to $1.44 in 24 hours
- —XRP liquidations hit $12.5M, with $11.96M in longs
- —Market-wide liquidations totaled $607.18M, 89% longs
- —Traders price a 78% chance the Fed holds rates
Why it matters: Long liquidations outpacing shorts 22-to-1 signals the market was heavily positioned for upside, leaving room for further downside pressure.
Source: Coin Türk