Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»XRP liquidations surged 1,800%. What’s going on?
EXCHANGE NEWS

XRP liquidations surged 1,800%. What’s going on?

By Crypto FlexsApril 11, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
XRP liquidations surged 1,800%.  What’s going on?
Share
Facebook Twitter LinkedIn Pinterest Email

XRP There has been a huge amount of liquidation in the last 24 hours. This has undoubtedly raised concerns: XRP CommunityConsidering the impact derivatives market It’s in the cryptocurrency price.

$1.32 million in XRP positions were liquidated

According to data from Coinglass, $1.32 million was liquidated from the XRP market in the last 24 hours. Most of these liquidations come from long positions, with $1.04 million of long positions liquidated during this period. This highlights the following: bearish sentiment Bears are firmly in control and plaguing the XRP ecosystem.

This bearish outlook is also evident in several other key indicators in the XRP derivatives market. For example, total trading volume and open interest decreased by 36.90% and 2.69% respectively, suggesting that cryptocurrency investors are withdrawing from the XRP market.

Meanwhile, options trading volume also decreased, further suggesting that cryptocurrency investors have reduced their bets on altcoins. However, this is not surprising considering how XRP has maintained tepid price action. Broader cryptocurrency market It enjoys significant price appreciation at various times.

Despite XRP’s current market conditions, there are still those who are betting big on the cryptocurrency token’s optimistic future trajectory. These include: Cryptocurrency expert Jack Rectorwho decided Despite the current price fluctuations, altcoins “won’t miss out on the bull market.” He cited the fundamental principles of XRP as reasons for his beliefs.

Recently he talking XRP will soon experience a supply shock as token burns increase. These token burns help reduce the number of tokens in circulation and can help increase the value of the token through scarcity.

Time to accumulate more tokens

Crypto analyst Egrag Crypto recently commented on X (formerly Twitter). post It was time to accumulate more XRP. He said this with emphasis. rising triangle “Screaming bullish” for XRP on a monthly basis. Anticipating this bullish move, the analyst urged cryptocurrency investors to “accumulate more, then just sit back and wait for the magic to happen.”

how High XRP May RiseEgrag said: “The measured movement of the ascending triangle is potentially $17 or $27.” Analysts recently assert He said the altcoin will rise to $5 by July.

As of this writing, XRP is trading around $0.6 over the past 24 hours. data From CoinMarketCap.

Token price at $0.61 | Source: XRPUSDT on Tradingview.com

Featured image from Investopedia, chart from Tradingview.com

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

If this happens, you can see a huge price of $ 1.9.

October 3, 2025

What is zero knowledge proof (ZKP)? The upcoming blockchain protocol is redefined for verified truths

September 30, 2025

Is Etherrium the price of more than $ 4,000 in 2,589 ETH 24 hours?

September 27, 2025
Add A Comment

Comments are closed.

Recent Posts

BC.GAME News Backs Deccan Gladiators As Title Sponsor In 2025 Abu Dhabi T10 League

October 6, 2025

Unity modifies mobile games and password wallets that threaten important vulnerability.

October 6, 2025

BitDigital becomes the first public Etherrium for distributing unsecured leverage -details -Details

October 6, 2025

Cango Inc. Announces September 2025 Bitcoin Production And Mining Operations Update

October 6, 2025

Cake Eyes 60% Rally Pancake WAP

October 5, 2025

Bitcoin Pullback — ETFs Drive Capital Flows, Altcoins Like SOL And XRP Boost Investor Returns

October 5, 2025

SHIBA INU (SHIB) and Dogecoin (DOGE) holders are 16,736%of Rally Progast Tempts buyers that are accumulated as Little PEPE (Lilpepe).

October 5, 2025

Solana Future Surge as the institution induces the open interest for the best record.

October 4, 2025

Free bitcoin.in app withdrawal request My satoshi

October 3, 2025

If this happens, you can see a huge price of $ 1.9.

October 3, 2025

Lombard Liquid Bitcoin Summary Summary

October 3, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

BC.GAME News Backs Deccan Gladiators As Title Sponsor In 2025 Abu Dhabi T10 League

October 6, 2025

Unity modifies mobile games and password wallets that threaten important vulnerability.

October 6, 2025

BitDigital becomes the first public Etherrium for distributing unsecured leverage -details -Details

October 6, 2025
Most Popular

Mobile will determine the success or failure of web3 gaming adoption

May 11, 2024

Riot Platforms acquires 16.9% stake in Bitfarms Ltd.

August 3, 2024

ZachXBT won a $150,000 bounty for exposing Martin Shkreli as the creator of DJT tokens.

June 20, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.