Hacking News
XRP Liquidation Imbalance Hits 2,008%
XRP's price fell early Saturday amid a market selloff, causing leveraged bullish traders to face forced liquidations, resulting in a 2,008% imbalance. This imbalance indicates that long positions were liquidated at a rate substantially higher than shorts. As of the last 24 hours, XRP was down 3.09% to $1.27, extending its decline since Thursday. Santiment reported a record 8.24 million non-empty wallets on the XRP Ledger, with address growth and network growth continuing. The price of $1.40 is a key level to watch, as a sustained move above it with network growth near 4,000 daily wallets could lead to a return to $1.50. If XRP falls below $1.30 while new wallet creation falls below 3,000, the adoption signal would be less convincing in the short term.