A highly unusual spike in liquidation imbalance has been experienced by XRP, with the long-to-short ratio exploding by 8,466% over a 12-hour period. This spike was primarily driven by liquidations concentrated in long positions, exposing a surprising and no less dramatic turn in trader positioning and risk exposure.
According to the CoinGlass heatmap, XRP saw $514,600 in total liquidations during this time. Of that, an overwhelming $508,040 came from long positions, while shorts contributed just $6,565 — one of the most disproportionate liquidation events of the day.
You Might Also Like
It is interesting that all this happened in the context of relatively minor price movements. During the same 12-hour period, XRP traded within a narrow range, opening near $2.14998 and closing around $2.15417. The price went up a bit to $2.15758, then dropped back.
Overall, the XRP price posted a small net gain of just 0.20%, which is a far cry from the scale of long-side liquidations triggered.
Source: CoinGlass
Meanwhile, the liquidation activity coincided with wider market turbulence, with total 12-hour liquidations across all assets reaching $36.40 million. For context, Ethereum saw the highest amount of liquidations at $6.56 million, followed by Bitcoin at $3.25 million. XRP’s liquidation spike was notable not because of its volume but because of the one-sided nature of the structure.
You Might Also Like
The big loss on long positions suggests that traders might have been caught off guard by a small price drop, which led to stop-outs across highly leveraged long contracts. The limited short liquidations suggest the market was heavily biased toward bullish expectations, which proved unsustainable even with XRP largely holding its ground.
