1 month ago
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Key Takeaways
- XRP saw a one-sided long-liquidation flush, peaking at $6.7M on June 22.
- Open interest fell 11%, meaning purged positions aren’t being rebuilt.
- Active addresses rose almost 72% in two weeks even as price fell.
XRP trades for $1.04 at the time of writing. The recent move was driven by a liquidation cascade: an 830% spike in long liquidations, which is a mechanical event rather than a sentiment reading. Margin thresholds were breached and positions were force-closed automatically. The roughly $3M in long liquidations dwarfing the short side confirms how one-sided it was, this was a purge of upside bets, not a balanced deleveraging. The climax came on June 22 with a $6.7M flush, the single largest burst of forced selling on the chart, landing exactly as price hit its lowest point near the $1.05 range.
What happened next matters as much as the flush itself. According to recent Read Entire Article
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