XRP Liquidations Show Reported 1,522% Long-Side Imbalance

XRP fell from $1.65 on Sept. 23 to a reported low of $1.45, triggering a heavily long-sided liquidation wave as leveraged bullish positions absorbed most of the forced closures.

One 24-hour measurement showed $31.48 million in XRP liquidations. Long positions accounted for $29.54 million, while shorts contributed $1.94 million, producing a reported 1,522% imbalance between the two sides.

A separate 24-hour reading showed approximately $28.73 million in XRP futures liquidations. In that measurement, XRP traded at $1.4657, down 8.43%, with futures volume near $7.36 billion, spot volume at about $1.45 billion and open interest around $3.54 billion.

The totals differ because the measurements cover separate windows and data sets. A long liquidation happens when a leveraged buy-side position is forcibly closed after prices fall. The long-heavy breakdown shows that bullish leverage bore most of the immediate impact.

For the Sept. 23 trade date, the September XRP futures contract settled at $1.4955 after trading between $1.4815 and $1.6595. The settlement page was updated at 3:38 a.m. ET (8:38 UTC) Sept. 24.

XRP’s 365-day MVRV ratio stood at about negative 11.75% on Sept. 23. The ratio contrasts XRP’s market capitalization with the value attributed to holders’ acquisition prices. A negative reading indicates that the average position covered by the measure was below its acquisition value.

The decline adds to a broader sequence of XRP weakness and liquidation activity. An earlier TokenPost report detailed XRP’s one-hour decline and long liquidations.