Ripple's XRP Drops 6.68% as Long Liquidations Hit $2.61M
Ripple's XRP declined 6.68% over a 24-hour period to reach $1.33, accompanied by $2.61 million in long liquidations.
Ripple's XRP experienced a 6.68% price decline over a 24-hour period, bringing the token down to $1.33, according to Pluang. The downward price movement coincided with $2.61 million in long liquidations across the derivatives market.
Market Impact
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The liquidation figures reflect the immediate pressure faced by leveraged long positions as the token retreated from previous levels. The pullback highlights ongoing volatility across digital asset derivatives markets.
Key facts
- XRP price dropped 6.68% over 24 hours
- Token value reached $1.33
- Long liquidations totaled $2.61 million
Source: news.google.com
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