XRP Bloodbath: 1000% Liquidation Imbalance Triggers Panic Below $2.20

XRP traders just got a brutal reminder that crypto giveth—and taketh away violently. The token’s 10x liquidation imbalance at $2.20 shows even ’stable’ altcoins aren’t safe from leverage reckoning.

Whale-sized liquidations flooded the market as XRP undercut its psychological support level—proof that ’institutional adoption’ narratives crumble faster than a meme coin when margin calls hit.

Funny how these ’hedge against traditional finance’ assets still obey the oldest rule in trading: overleveraged longs get slaughtered first. The bulls better pray this is a shakeout, not the start of another ’crypto winter.’

However, there appears to be a slight bullish bias as indicated by the moving average convergence divergence indicators, which are pointing slightly upward. While longer-term averages paint a mixed picture, shorter-term estimated moving averages (10, 20, 30) are in buy territory. The 200-day SMA and EMA are bullish and provide support at about $2.00.

If XRP manages to stay above the $2.15–$2.20 range and breaks above $2.30, it could signal a shift toward a bullish trend. This would align with recent developments that favor Ripple. On the downside, failure to hold above $2.15 could lead to another round of long liquidations. Many traders are still highly leveraged, as shown by the current imbalance, which leaves the market vulnerable to sudden drops.