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Title: 0 XRP Short Liquidations in One Hour, What’s Happening?
In a shocking turn of events, XRP short traders have been left without any liquidation in the past hour. This extraordinary development has raised eyebrows within the crypto ecosystem as it is unprecedented for such a short period to pass without a single liquidation.
As per CoinGlass data, only long position traders faced massive losses, with $651,250 of funds wiped out in just 60 minutes amid volatile market conditions. XRP’s price action has been characterized by significant fluctuations over the past few days, resulting in trading volumes plummeting by an astonishing 18.82% to a mere $5.72 billion.
XRP’s price, at the time of writing, stood at $3.11, reflecting a 1.06% decline from yesterday’s close. This downward pressure may be attributed to Bitcoin’s resurgence, causing many investors to re-evaluate their positions in altcoins like XRP.
Source: u.today
