CandleFocus XRP Faces Massive 170% Liquidation Imbalance as Price Falls
2025-02-24
Author: Content Editor
The price action of XRP has been in the spotlight as most altcoins experience bearish volatility. XRP has recorded $11.51 million in the past 24 hours, with long traders suffering a total loss of $10.64 million and short traders accounting for over $860,000 in liquidations. XRP's unique price action has made it easier for traders to be ambitious, but the coin's prospects of a bullish recovery are thinning out. The price of XRP is currently $2.46, down 4.05% in the past 24 hours. The broader digital currency ecosystem is volatile, and an upcoming event involving Coinbase and the SEC may potentially trigger a rebound for XRP. In the meantime, XRP is looking to hold support at $2.40 with a short-term resistance level at $2.70.
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