XRP Liquidations Show Reported 1,522% Long-Side Imbalance

XRPUSD: near-term bias bearish, but the liquidation data is not a standalone signal. The reported fall from $1.65 to $1.45 forced substantially more longs than shorts to close, consistent with leveraged buying amplifying the selloff. That can add near-term selling pressure; however, forced liquidations also remove some crowded long exposure, which may reduce the fuel for another liquidation-driven leg down. TokenPost notes the liquidation totals come from different windows and datasets, so they should not be treated as directly interchangeable.

The separate reading’s roughly $3.54 billion in open interest suggests substantial futures positioning remained, though the article provides no comparable prior figure to show whether leverage was materially reduced. Its reported negative 365-day MVRV may indicate holders covered by that measure were underwater, but does not by itself establish whether they will sell or whether XRP is undervalued.

For traders, the key follow-through is whether selling pressure persists in spot markets or the decline proves mainly a derivatives flush. Watch XRP open interest and funding, spot volume and flows, whether price stabilizes after the reported low, and broader crypto-market direction. A continued slide with renewed long build-up would leave liquidation risk elevated; falling open interest alongside stabilization would be more consistent with leverage being cleared. These figures alone do not confirm either outcome.