XRP: $2 million short squeeze amid 851% liquidation imbalance
- —XRP short liquidations over one hour were $2.02 million versus $1.58 million in longs
- —XRP liquidation imbalance reached 851%
- —XRP price rose from $1.38–1.39 to a local peak of $1.44
- —Over 24 hours, $386.09 million was liquidated across the crypto market, affecting 78,000 traders
Why it matters: The squeeze showed that betting against XRP is risky amid ETF inflows and expectations for the CLARITY Act vote and the Fed meeting.
Source: U.Today