A local attempt to short XRP on the one-hour timeframe triggered a wave of forced short-position closures, with $2.02 million in short liquidations against only $1.58 million in long-position closures, creating an 851% hourly liquidation imbalance. XRP price rebounded from support to a local peak at $1.44 as sellers trapped by margin requirements were forced to cover at market prices. The crypto market recorded over $386 million in cumulative liquidations over 24 hours, affecting 78,000 traders. Bears underestimated favorable external factors: the XRP Ledger network holds a record 8.57 million unique addresses, and cumulative net inflows into U.S. spot XRP ETFs amount to $1.71 billion.
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