The post XRP faces 1000% liquidation surge as price dips to $2.15 – Is a bullish reversal next? appeared on BitcoinEthereumNews.com.

XRP plunged to $2.15 after $13.9M in long liquidations, revealing extreme leverage imbalance. Despite volatility, Ripple’s bullish fundamentals and institutional moves suggest long-term growth potential remains intact. In a dramatic turn of events, Ripple’s XRP plummeted to below $2.20, triggering a staggering 1000% liquidation imbalance. The move exposed the market’s heavily overleveraged long positions, raising critical questions about sentiment and risk appetite. As the dust begins to settle and prices hover near key support levels, the community is at a crossroads — is this a healthy shakeout clearing excess leverage, or a foreboding signal of deeper instability ahead? A brutal flush reveals market overexposure On the 30th of April, XRP saw a staggering $13.9 million in long liquidations versus just $1.49 million in shorts, according to CoinGlass — an eye-watering 1000% imbalance. This extreme skew is indicative of a dangerously overleveraged long bias. Source: CoinGlass The resulting cascade of forced sell-offs triggered a sharp price drop to $2.15, clearly visible in the liquidation chart. Such spirals occur when stop losses and margin calls compound one another, accelerating downside volatility and exposing the fragility of sentiment-heavy rallies. XRP in a tug of war Source: Coinglass XRP witnessed a sharp 4% drop in Futures Open Interest, signaling a flush-out of leveraged positions. This suggests traders may be reassessing risk or simply exiting amid uncertainty. Yet, the token quickly recovered from a low of $2.15 to reclaim the $2.20 level — a key psychological threshold that continues to act as a magnet for price action. Source: TradingView This bounce has split trader sentiment. While some argue that weak hands have been flushed, indicating potential for upside, others warn of more pain ahead, citing shaky on-chain volume and wavering momentum. With the RSI hovering near 55 and OBV failing to breakout, the market remains on…

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Filed under: News - @ May 2, 2025 3:18 am