XRP Faced Liquidation Wave Leaves Market on Edge

A significant increase in liquidations has shaken up the cryptocurrency market, with XRP being one of the affected assets. The total liquidations reached $435.64 million across exchanges within a 12-hour period, with long positions accounting for most of that amount.

The impact on XRP was notable, with $9.02 million in liquidations occurring over the same time frame. This development has led to concerns about further downside risk for the cryptocurrency.