XRP Longs Lose $8.57M in 15 Minutes as CPI Selloff Deepens
- —$8.57M in XRP longs liquidated in 15 minutes versus just $102,260 in shorts
- —The 1.73% drop from $1.3209 to $1.2848 occurred at 02:00–02:15 UTC on Oct. 15
- —Short volume hit $1.81 billion, or 52.47% of total futures leverage over 24 hours
- —XRP needs to reclaim the $1.3201–1.3238 resistance zone to signal recovery
Why it matters: Heavy short positioning pressures price, but crowded shorts could fuel a squeeze if XRP reclaims $1.32.
Source: The Crypto Basic