Peter Smith
XRP surged to $3.26 despite massive long liquidations hitting $803,170 in just one hour, creating a wild 366,941% imbalance that crushed overleveraged traders.
Talk about a wild day for XRP traders. While the token was actually doing pretty well – climbing 2.5% to $3.26 – something absolutely brutal was happening in the derivatives markets. We're talking about liquidations so lopsided they hit a crazy 366,941% imbalance, and long traders got completely destroyed.
Here's the breakdown: CoinGlass data shows total XRP liquidations reached $803,388.84 in just one hour. But here's where it gets nuts – long traders took almost all the damage with $803,170 in liquidations, while shorts barely lost $218.84. That massive difference is what created that insane 366,941% imbalance.
The timing makes it even weirder. All this carnage happened while XRP was actually recovering from around $3.10 and pushing back above $3.20. The token ended up at $3.26, showing a solid 2.56% daily gain according to CoinMarketCap. Daily trading volume also jumped 62.7% to $6.6 billion, which suggests people are definitely interested in what's happening with XRP right now.
XRP (Ripple) Longs Get Hammered Despite Price Going Up
This is the kind of thing that makes crypto so brutal for overleveraged traders. XRP was moving in the right direction for longs, but they still got wiped out. When you see shorts losing almost nothing ($218.84) while longs lose over $800k, it tells you exactly where all the risky leverage was sitting.
Basically, people betting against XRP barely felt any pain, while those betting on higher prices got completely crushed. This usually creates opportunities for smart money to step in and buy the chaos, which seems to be exactly what's happening here.
That 62.7% volume spike to $6.6 billion is pretty telling too. When you see volume jumps like that alongside massive liquidations, it usually means the big players are making moves while retail traders are getting flushed out.
XRP (Ripple) Whales Go Shopping While Others Panic
Speaking of big players, they've been busy. U.Today reported that some mysterious whale just opened a massive 5,175,112 XRP position. This wasn't some small bet either – they dropped three positions worth $16.62 million total at around $3.20 on Hyperliquid, using 2x leverage. That's serious money making serious moves.
But wait, there's more. Whale Alert caught over $53.4 million worth of XRP being moved to Coinbase recently. When you see that kind of money flowing to exchanges, it usually means something big is brewing – either someone's preparing to sell or institutional buyers are getting ready to make their move.
Popular analyst Ali Martinez also noted that whales bought XRP during the recent dip, accumulating over 130 million tokens in just 24 hours. That's not what you'd expect if smart money thought XRP was heading south.
What This XRP (Ripple) Liquidation Mess Actually Means
When you put it all together, this liquidation chaos might actually be good news for XRP in the long run. Think about it – overleveraged retail traders got flushed out while whales were accumulating. That's usually how bottoms get formed and sustainable rallies begin.
The fact that XRP climbed from $3.10 to $3.26 despite absorbing over $800k in liquidation selling shows there's real buying pressure underneath. In a weak market, that kind of selling would typically crater the price. Instead, XRP just shrugged it off and kept climbing.
With $53.4 million moving to Coinbase, whales accumulating 130 million tokens, and that mysterious whale dropping $16.62 million on new positions, it looks like smart money sees value here. They're not the ones getting liquidated with crazy leverage – they're the ones stepping in when everyone else is panicking.
The whole thing shows why using too much leverage in crypto is basically playing with fire. While retail traders were getting wrecked, the smart money was positioning for what comes next.
Peter Smith
