UToday • October 7th 2026, 10:48 AM
2,213% Liquidation Imbalance Crushes XRP Bulls Amid Market-Wide Selloff
Key Summary
A 2,213% liquidation imbalance in XRP positions highlights the impact of leveraged long positions on the market, with most liquidations occurring in long positions. The imbalance suggests bulls bore the brunt of forced closures, pointing to a market heavily positioned for further upside before the selloff. The XRP price has dropped 3.48% in the last 24 hours to $1.44, amidst a broader market selloff. Investors await the FOMC meeting minutes on Wednesday, which may provide insights into Fed monetary policy decision-making.
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Market Analysis
Overview of Liquidation Imbalance
A total of $607.18 million was liquidated in positions across the crypto market, with most being longs ($541.14 million) and shorts at $66.22 million. XRP traded in the red, down 3.48% in the last 24 hours to $1.44.Liquidation Imbalance in XRP
XRP's 2,213% liquidation imbalance highlights the impact of leveraged long positions on the market. Long position liquidations totalled $11.96 million, while short positions came in at $540,210, yielding a massive imbalance. This suggests bulls bore the brunt of forced closures, pointing to a market heavily positioned for further upside before the selloff arrived.Macro Factors Influencing Market
Investors are anticipating two key events on Wednesday, one of which is the FOMC meeting minutes, due at 2 p.m. ET. Traders are now pricing in a 78% chance that the Fed might keep rates unchanged at its next meeting. Three amendments are expected to activate this week if validator support stays unbroken above 80%. These include Permissions Delegation, Batch, and fixBatchV1_2. The earliest possible activation dates for these amendments are October 8 and October 9, respectively.#XRP#US#Crypto#FOMC