XRP Faces Harsh Liquidation Blow as Market Shows Subtle Bearish Shift
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The cryptocurrency market experienced significant liquidations, with $229.74 million in perpetual futures liquidated in 24 hours. XRP was particularly impacted, suffering $12.31 million in liquidations with an extreme 1,178% imbalance between long and short positions, suggesting excessive bullish sentiment and potential market correction.
March 28, 2025 | 10:15 am
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XRP experienced substantial liquidations, with $12.31 million wiped out and a massive 1,178% imbalance between long and short positions, indicating potential market vulnerability.
The extreme liquidation imbalance suggests XRP is currently overextended, with traders being too optimistic. The 5% price drop and massive long position liquidations indicate a potential continued bearish trend in the short term.
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