The popular cryptocurrency XRP has experienced a 5.5% increase in its price chart as 2024 comes to an end. The article discusses the consequences of this late surge, particularly the massive liquidation imbalance it has caused. Data from CoinGlass reveals that $1.92 million worth of positions were liquidated in derivatives trading, with only $287,000 being longs and the remaining 84.89% being shorts. Bears have experienced 567% more pain compared to bulls as a result of this imbalance. Overall, out of $84.48 million in total liquidations in the crypto market, 65.75% were shorts. The article notes that the imbalance in XRP's trading is almost 10 times higher, indicating a short-term sentiment towards the cryptocurrency. Nonetheless, XRP seems to be entering 2025 on a bullish note, bidding farewell to the bears. The article concludes by questioning whether this trend will continue in the upcoming year.



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