XRP Slides Toward $1.30 as $300 Million in Longs Get Liquidated
- —Over $300 million in XRP longs were liquidated in 24 hours
- —Futures long-to-short ratio fell to 0.71, the second-lowest in about 45 days
- —XRPL validator support for the bug fix fell to 26 from 35, pushing the patch to November
- —US spot XRP ETFs took in about $709,000 on Wednesday; cumulative inflows hit $1.8 billion
Why it matters: A break below $1.31–$1.30 opens the door to $1.26 and then $1.10, while reclaiming the $1.34–$1.38 EMA cluster would restore the bullish case.
Source: CoinCentral