XRP witnesses massive surge in liquidations amid bloodbath on broader crypto market
Amid a chaotic period for cryptocurrencies, XRP has emerged as a focal point of attention, experiencing a staggering surge in liquidations within a short span. Recent hours have witnessed an unprecedented increase in the liquidation of positions in data reveals a stark picture, with liquidations of XRP positions soaring to $986,530 in just the past four hours alone. Alarmingly, a staggering 99.
In the broader scope of 24 hours, XRP derivatives liquidations reached a staggering $2.73 million, with a whopping 90.5% of the liquidated positions representing longs and only 9.5% being shorts. The numbers paint a grim picture for XRP bulls, who faced significant setbacks within the past day.trajectory has mirrored this tumultuous activity on the market. Following a bullish trend throughout the preceding day, XRP abruptly reversed course, witnessing a 3.31% decline in value.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.
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