XRP Price Trapped at $1.1799 After $30 Million Cascade Liquidation
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5 Articles
XRP Price Falls to $1.17 as $30 Million in Long Positions Face Liquidation
In Brief: XRP traders suffered over $30 million in long liquidations across five days as declining prices triggered widespread leveraged trading losses. Binance recorded $8.06 million in XRP liquidations, while technical indicators showed weakening momentum and resistance forming near the $1.271 level. CoinGlass identified $1.1588 as a critical downside liquidation level, with further price declines potentially triggering additional forced posit…
XRP Longs Lose $30M in Five-Day Liquidation Cascade
Derivative traders betting on XRP upside lost over $30 million in five days following a sharp price reversal, with Binance accounting for the majority of liquidated positions. Read the original on XRP Longs Lose $30 Million as Price Stalls. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Leveraged XRP long positions paid out $30 million in liquidations in five days, absorbing 95.54% of Friday's losses and pushing the price down to $1.16.
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