Earlier on Saturday, XRP declined amid sustained market selling pressure, triggering liquidations among leveraged long traders and causing a liquidation imbalance of 2008%.
This scale of liquidation imbalance indicates that traders betting on XRP’s price increase are being liquidated at a much higher rate than those betting on further declines.
Under this context, CoinGlass data shows that the total liquidation amount for XRP was $7.92 million, with long positions at $7.55 million and short positions at $375,910, resulting in a liquidation imbalance of 2008%.
As of press time, XRP has fallen 3.09% over the past 24 hours to $1.27, marking its third consecutive trading day of declines since Thursday’s sharp drop. This sustained downward trend has caught traders expecting a price rebound off guard, triggering forced liquidations.
Global market pressures have weighed on cryptocurrencies, erasing gains from earlier this week. Over the past 24 hours, $667.71 million was liquidated across the crypto market, with long positions most severely affected, totaling $528.30 million.
Content to pay attention to
Santiment recently reported that the number of addresses on the XRP Ledger has continued to grow, with non-empty wallets reaching a record 8.24 million. This follows an ongoing upward trend observed over the past several months amid price fluctuations.
Holder growth continues, with the network adding 4,772 new wallets in a single day—the fifth-largest daily increase since March. New participation is accelerating once again, and if prices continue to rise, this will reinforce the bullish case and confirm user growth.
$1.40 is the level to watch first. If the price sustains above this level while network growth remains near or above 4,000 daily wallets, a swift rebound to $1.50 becomes more likely. If XRP falls below $1.30 and new wallet creation drops below approximately 3,000, the short-term credibility of this adoption signal will weaken.
XRP's MVRV is approximately 0.92, indicating that traders are generally in a loss position, creating a historically more favorable and lower-risk opportunity window compared to periods with substantial unrealized gains.
On the positive news front, Arf is introducing settlement liquidity to the XRP Ledger. This Swiss-regulated platform is collaborating with Ripple to bring settlement liquidity backed by RLUSD to licensed cross-border payment companies on the XRP Ledger (XRPL).