Long Positions Make Up 85% of XRP Liquidations in 24 Hours

High proportion of bullish bets on XRP were wiped out as the token’s rebound momentum halted.

XRP

Summary

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Terms & Concepts
  • Liquidation: The forced closure of a leveraged position when losses exceed a set limit, often due to insufficient margin.
  • Long Position: A trading stance betting that an asset’s price will increase.
  • XRP: A digital asset used by Ripple for fast, low-cost cross-border payments.