XRP’s drop to $1.38 during Labor Day triggered a cascade of forced margin calls, creating a hourly liquidation imbalance reaching 10,535%. The volume of forcibly closed long positions surpassed short sellers’ losses by more than a hundredfold, creating a rare market-microstructure anomaly. XRP quickly recovered to $1.3892 as technical indicators moved out of critically oversold territory. MEXC trading volume surged 118.32% as traders aggressively bought the dip, but the resistance level at $1.4010 remains the next major hurdle for buyers.
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