XRP Sees 1522% Liquidation Imbalance as Longs Get Wiped Out in Selloff
- —XRP liquidations over 24 hours totaled $31.48 million: $29.54 million longs vs $1.94 million shorts
- —Long-to-short liquidation imbalance reached 1522%
- —XRP dropped 8.18% to $1.45 after peaking at $1.65 on September 23
- —XRP's 365-day MVRV sits near -11.75%, a deep discount zone
Why it matters: The deeply negative MVRV limits further downside risk, as most holders are already underwater, historically a favorable setup for long-term entries.
Source: U.Today