XRP's Hourly Liquidation Imbalance Hits 10,535% Amid Labor Day Price Crash

XRP's price plummeted to $1.38 on Labor Day, triggering a chain reaction of forced margin calls and causing an unusual market anomaly.

The hourly liquidation imbalance briefly exceeded 10,535%, with long positions being forcibly closed at a rate more than 100 times that of short sellers' losses.

This sudden decline in price triggered protective stop-loss orders among highly leveraged traders who had accumulated long positions near the critical Liquidation Max Pain zone.

The underlying cause of this aggressive long squeeze was an overcrowded positioning near the Short Max Pain level at $1.4368, where traders had anticipated a breakout above this barrier and accumulated excessive orders sensitive to price fluctuations.