XRP Suffers Rare 10,535% Liquidation Imbalance Amid Low Holiday Liquidity

XRP experienced a rare 10,535% liquidation imbalance during the Labor Day period, due to low liquidity and leveraged long positions being forced to close.

The price briefly fell to around $1.38, but has since fluctuated around the $1.40 mark.

Recent data shows a marked decline in open interest and leverage levels, with approximately $14.2 million in XRP-related liquidations occurring over the past 48 hours.

US spot XRP ETFs have recorded net inflows for eight consecutive weeks, adding around $19 million last week, indicating that institutional investor interest in XRP remains intact.