<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Amid a chaotic period for cryptocurrencies, XRP has emerged as a focal point of attention, experiencing a staggering surge in liquidations within a short span. Recent hours have witnessed an unprecedented increase in the liquidation of positions in&nbsp;<a href="https://u.today/xrp-alert-single-whale-snaps-up-32-million-xrp-on-major-korean-exchange" rel="noopener noreferrer nofollow">XRP</a>, as the broader crypto market grapples with substantial losses.
<a href="https://www.coinglass.com/currencies/XRP" rel="noopener noreferrer nofollow">CoinGlass</a> data reveals a stark picture, with liquidations of XRP positions soaring to $986,530 in just the past four hours alone. Alarmingly, a staggering 99.38% of these liquidations represent long positions, indicating a significant exodus of bullish sentiment. The intensity of liquidations intensified further within the last hour, witnessing a notable spike of 1,868%, totalling $933.73. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="8bda7f93-d7d7-43fd-9466-5bded1337423" src="https://u.today/sites/default/files/inline-images/xrppricee_1.png">XRP to USD by <a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
Delving deeper into the statistics shows a distressing trend. Over a 12-hour period, liquidations skyrocketed to a staggering $1.61 million, with short positions accounting for a mere $166,420.&nbsp;
In the broader scope of 24 hours, XRP derivatives liquidations reached a staggering $2.73 million, with a whopping 90.5% of the liquidated positions representing longs and only 9.5% being shorts. The numbers paint a grim picture for XRP bulls, who faced significant setbacks within the past day.
Simultaneously,&nbsp;<a href="https://u.today/ripple-cto-clears-controversy-around-xrp-and-ripple-naming" rel="noopener noreferrer nofollow">XRP's price</a> trajectory has mirrored this tumultuous activity on the market. Following a bullish trend throughout the preceding day, XRP abruptly reversed course, witnessing a 3.31% decline in value. This downturn brought the price to $0.587, a seemingly modest drop that nonetheless proved sufficient to trigger liquidations amounting to nearly a million dollars within a single hour.

XRP Skyrockets 1,868% in Liquidations Amid Crypto Bloodbath

U_Today

Другие статьи, опубликованные 10 апр. 2024 г.

Crypto flash crash as Bitcoin dips below $70k, long positions hit hard

XRP Price Ready To Surge: Crypto Expert Says XRP To Experience Supply Shock With Token Burns

Bitcoin Mining Costs to Double Post-Halving, CryptoQuant CEO Predicts Surge to $80,000

SHIBDOGE Price Dragging Gains, Is Further Decline Possible?

Will Ripple (XRP) Miss Out on Bull Run Gains Again? Why Retik Finance (RETIK) and Polygon (MATIC)...

Google’s Stock Hits Record High, Nears $2 Trillion Valuation

Join our free newsletter for daily crypto updates!