XRP Liquidation Imbalance Deepens as $12.56M Longs Wiped in 24 Hours

• Leveraged XRP bulls absorb $12.56M in brutal liquidations
• Trading volume jumps 27.8% amid sharp price decline
• Crypto market loses $128B during broad risk-off move

XRP traders absorbed heavy losses on Saturday after a sharp price decline triggered widespread liquidations. The token fell 7.23% during the session, pushing leveraged positions into forced closures. As prices slipped, liquidation data showed a clear imbalance against bullish traders. That imbalance now defines the latest move in XRP’s market structure.

During the past hour, total liquidations reached $493,940. Long positions accounted for $135,740, while shorts represented $358,190. However, losses expanded quickly over broader time frames. Over four hours, liquidations climbed to $4.80 million. Of that total, $3.92 million came from long positions, compared to $880,690 in shorts.

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Moreover, pressure intensified across the 12-hour window. Liquidations reached $9.14 million, with $8.08 million tied to longs. Shorts accounted for just $1.06 million. Over the full 24-hour period, total liquidations hit $13.86 million. Significantly, $12.56 million of those losses came from bullish bets, while shorts saw $1.31 million erased.

XRP currently trades at $1.28, declining 7.19% over the past 24 hours, while its market capitalization dropped 7.08% to $78.77 billion.

Rising Volume Confirms Active Distribution

Broader market conditions added to the sell-off. Cryptocurrencies moved lower alongside global risk assets as investors reacted to macro uncertainty. Across the market, total crypto liquidations exceeded $515 million in 24 hours. Additionally, CoinGecko data showed that roughly $128 billion left the overall crypto market capitalization.

Despite falling prices, XRP trading activity increased. The token recorded $3.94 billion in 24-hour volume, reflecting a 27.8% rise. Its Vol to Market Cap ratio climbed to 4.99%, signaling heightened participation during the downturn.

High volume during declining prices often reflects distribution rather than accumulation. Additionally, heavy derivatives exposure likely amplified downward momentum. When support levels weakened, forced selling accelerated losses.

Current data suggests that aggressive long positioning magnified volatility. As a result, leveraged bulls carried the majority of recent losses, reinforcing how derivatives pressure can intensify sharp market corrections.

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