XRP saw $40.36 million in liquidations over the past 12 hours, marking one of the sharpest leverage flushes in recent sessions.
📉 Key Breakdown
~96% of liquidations came from long positions
Move occurred rapidly after a key support level failed
Indicates a classic long squeeze, not a gradual sell-off
This wasn’t slow distribution — leverage was unwound aggressively as price moved against crowded positioning.
🌐 Bigger Picture
Total crypto liquidations today: ~$874M
XRP accounted for a notable share of the downside pressure
High leverage amplified volatility once momentum flipped
📊 Market Insight
When leverage builds up on one side of the trade, price action often becomes less about fundamentals and more about liquidation mechanics. Once stops and margin thresholds are triggered, moves can accelerate quickly.
⚠️ What Traders Are Watching
Is leverage now sufficiently reset?
Will spot demand step in after the flush?
Can XRP reclaim broken support levels, or does volatility persist?
🔍 Takeaway
This move highlights how quickly risk can cascade in leveraged markets. Volatility doesn’t just change prices — it redistributes capital.
