XRP price plunges: Liquidation imbalance hits 10,535% in one hour—how holders can earn up to $5,000

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company. XRP derivatives experienced a rare 10,535% liquidation imbalance during the Labor Day period, a time typically characterized by lower liquidity. Summary XRP briefly fell to about $1.38 as leveraged long liquidations intensified during low holiday liquidity. XRP open interest reportedly dropped 14%, from $558 million to $478 million. US spot XRP ETFs recorded an eighth straight week of inflows, adding approximately $19 million. EX DeFi promoted cloud-mining contracts to XRP holders, though its advertised returns are not guaranteed. XRP has recently undergone significant market volatility. Amidst the relatively low liquidity of the Labor Day holiday, the price briefly retraced to around $1.38, triggering the forced liquidation of a large number of leveraged long positions. Subsequently, XRP fluctuated around the $1.40 mark, signaling a market-wide “leveraged flush-out.” This correction does not imply a fundamental shift in XRP’s underlying value. R...