XRP Price Drop to $1.38 Triggers 10,535% Liquidation Imbalance
Price ActionDigital Finance
XRP's price fell to $1.38 during the Labor Day selloff, triggering a wave of forced margin calls and a rare market-microstructure anomaly. According to CoinGlass, the hourly liquidation imbalance briefly exceeded 10,535%, meaning the volume of forcibly closed long positions was more than a hundred times greater than short sellers' losses.
