XRP Bulls Reel from $2.12M Liquidation Imbalance Amid Weakening Market Activity

XRP bulls are reeling from a significant liquidation imbalance of $2.12 million over the past 24 hours, with long positions accounting for $1.99 million of that total.

The imbalance suggests that leveraged traders betting on further XRP gains have absorbed most of the recent losses, leaving the token under pressure.

XRP's broader market activity is also weakening, with a 0.26% decline in price over the past day and a 0.15% drop in market capitalization to approximately $68.2 billion.