A sudden 4,455% spike in $XRP’s hourly liquidation imbalance just wiped out $8.14M in bullish bets, and the market’s feeling it
The sharp reversal caught overleveraged traders as $XRP tumbled from $3.05 to $2.88 within the hour, erasing days of momentum.
Coming right after $XRP briefly surpassed BlackRock in market cap, the drop shows just how fragile sentiment remains in Uptober’s volatile environment run.
As risk-off sentiment spreads, some traders are already seeking the next breakout opportunities in top altcoins to buy, such as Bitcoin Hyper ($HYPER), Maxi Doge ($MAXI), and Aster ($ASTER).
XRP’s Liquidation Shock
$XRP’s recent move was a complete wipeout. According to Coinglass data, long positions fueled the liquidation imbalance, with bulls losing nearly $25M in 24 hours, including a single hour
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