Xrp Prints 21,506% Liquidation Imbalance In Four Hours

XRP experienced significant volatility over the past 24 hours, falling from a daily high of $2.03 to $1.92, marking a 2.64% price drop. The decline triggered liquidations totaling $2.18 million for traders holding long positions, following a sharp liquidation imbalance of over 21,000% as the token failed to break resistance at $2.05.

Trading volume fell by 17.77% to $3.01 billion, reflecting waning demand and mounting selling pressure, accompanied by increased whale outflows that have raised concerns among new investors. Technical indicators suggest further weakness, with XRP's RSI at 44.8%, while hopes remain that rising Ripple USD stablecoin activity could eventually bolster the asset's price through deflationary effects.