In the grand theater of cryptocurrency, the stage was set for a dramatic performance, and oh, how the XRP traders felt the scorching spotlight! Over the last 12 hours, long positions were obliterated with a ferocity that would make even the most stoic of bears weep. A staggering $9.94 million vanished into thin air, while the shorts, bless their little hearts, barely mustered a mere $431,260. That’s a jaw-dropping 2,306% difference — a spectacle so rare, it could make a unicorn blush!
Such ratios are not your everyday fare, my friends. They whisper tales of a multitude of traders who, with stars in their eyes, anticipated a meteoric rise for XRP, only to be met with the swift and merciless hand of the market pulling back. Talk about a plot twist!
In the broader crypto landscape, liquidations were rampant, totaling a staggering $424.63 million. Most of that — a hefty $363.13 million — was snatched from the long trades. While XRP’s contribution wasn’t the highest, the stark contrast between long and short liquidations places it in a league of its own, like a lone wolf howling at the moon.
Now, let’s turn our gaze to the charts, which tell a tale of their own. The XRP price, like a phoenix, soared to around $2.47 in the early hours, only to plummet below $2.30 by midday, before making a slight recovery to hover near $2.36. This rollercoaster ride coincided with the liquidations, hinting that automated sell-offs from over-leveraged long trades were the culprits behind this dramatic descent. Who knew trading could be such a thrilling sport?
In the grand scheme of things, over 162,000 traders found themselves liquidated in the past 24 hours, culminating in a staggering $551.66 million. BTC and ETH took the brunt of the blows, with losses of $120.84 million and $109.93 million, respectively. Yet, XRP stood out like a peacock in a flock of pigeons, thanks to the sheer magnitude of its one-sided liquidations.
The moral of this tale is as old as time: when too many traders lean heavily in one direction, it takes but a gentle breeze to send them tumbling. And for XRP, the numbers speak volumes, echoing the age-old wisdom of the market.
Read More
- Clash Royale Best Boss Bandit Champion decks
- RAVEN2 redeem codes and how to use them (October 2025)
- Kingdom Rush Battles Tower Tier List
- Delta Force Best Settings and Sensitivity Guide
- Clash Royale Furnace Evolution best decks guide
- Cookie Run: Kingdom Boss Rush Season 2-2 Guide and Tips
- eFootball 2026 Master League: Structure, Features, Release, and more
- Vampire’s Fall 2 redeem codes and how to use them (June 2025)
- Ninja Arashi 2 Shadow’s Return expands the hit ARPG sequel with more content, ahead of Ninja Arashi 3’s launch later this year
- Kingdom Rush Battles Hero Tier List
2025-05-23 19:16