XRP breaks $1.40: $8.05 million in shorts liquidated
- —XRP trades near $1.402, up about 8.4% in a day
- —24-hour liquidations: $10.41 million, of which $8.05 million were shorts
- —Futures volume of $5.51 billion is 4 times higher than spot
- —Open interest is $3.05 billion, with the long/short ratio on Binance at 2.37
Why it matters: The short squeeze fueled the rally, but the high share of leverage increases the risk of sharp liquidations if the price reverses.
Source: U.Today