XRP Sellers Brink Massive Losses Amid $158M Short Liquidation Leverage

XRP's price may seem stable at $1.50, but market data reveals that sellers have accumulated significant short liquidation leverage, putting them at risk of massive losses if the price rises just 3% to $1.55.

This is according to Coinglass, a leading market analytics platform, which shows that cumulative short liquidation leverage has reached up to $158.82 million from the current price to the $1.553 high on the 7-day timeline.

At this price level, traders with XRP short positions could witness cumulative liquidation of nearly $159 million across different exchanges, including Binance and OKX.