What to know:
- XRP liquidations exceeded $13 million as leveraged bullish positions collapsed rapidly.
- Crypto analyst Diana reported that bulls accounted for 96% of XRP liquidations during volatility.
- Long traders remained optimistic despite repeated liquidations and continued market weakness.
XRP traders lost more than $13 million in leveraged positions within 24 hours as bullish bets collapsed across major cryptocurrency exchanges. According to crypto analyst Diana, long traders accounted for 96% of all liquidations, showing that most market participants continued to expect higher prices despite recent weakness.
The latest data revealed that leveraged bulls carried nearly the entire burden of the sell-off as XRP struggled to maintain support during another volatile trading session. According to Diana, the latest data indicates that optimism among XRP traders has remained intact despite repeated price declines over recent days.
Instead of reducing exposure, many participants continued opening long positions in anticipation of a rebound. As a result, the market experienced another wave of forced liquidations while bearish traders accounted for only a small share of total losses. The data suggest that confidence among leveraged bulls remains considerably stronger than bearish sentiment, even as volatility continues to test traders’ positions.
Bulls Continue Dominating XRP Derivatives Activity
The latest liquidation data extended a pattern already observed earlier this week. According to Diana, XRP recorded roughly $1.9 million in liquidations on June 22, with 92% of those losses also coming from long traders on Binance and Upbit. Although that event involved a much smaller amount, it reflected the same trend now unfolding on a larger scale.
Liquidations occur when exchanges automatically close leveraged positions after traders fail to maintain required margin levels. As XRP moved lower, those forced closures intensified selling pressure and triggered additional liquidations across the derivatives market.
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Besides highlighting elevated leverage, the latest figures also showed that traders continued to participate actively despite repeated losses. Many investors maintained bullish positions instead of shifting toward short trades, reinforcing the imbalance between long and short liquidations. In contrast, bearish traders represented only a small percentage of total forced closures during the session.
In conclusion, the latest derivatives data suggests bullish conviction remains dominant even after more than $13 million worth of XRP long positions disappeared within a single day.
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