XRP Prints 10,535% Liquidation Imbalance in Mere Hour as Price Dips to $1.38

The Labor Day drop in XRP's price to $1.38 triggered a cascade of forced margin calls, causing a rare market-microstructure anomaly. According to CoinGlass, the asset's hourly liquidation imbalance briefly exceeded 10,535% — the volume of forcibly closed long positions surpassed short sellers' losses by more than a hundredfold.