XRP just had a rare glitch in its liquidation feed. Over the past hour, shorts did not lose a single dollar, while long liquidations crossed $203,000. That is not a data error at all. But it does suggest that short sellers might be taking a break.
According to CoinGlass, in the last 24 hours, XRP saw $7.44 million in liquidations, with $4.51 million from longs and $2.94 million from shorts. In the last 12 hours, short losses hit $120,870, but during the latest hourly drop, that number dropped to exactly $0.
Source: CoinGlassXRP’s price action confirms the move: it dropped quickly from $1.957 to $1.942, taking out the long-side overleverage, while shorts seem to have exited early or avoided the setup entirely.
This is not normal behavior. When shorts disappear during a downside event, it usually signals either caution or fear of reversal. When dealing with volatile conditions and a flat, short-side liquidation profile, it can create some asymmetric risk.
It could get out of hand for XRP
Right now, the XRP price is quoted at around $1.934, stuck in a narrow zone between a failed recovery and an unfinished breakdown. The key level to watch is $1.950; if it is reached, short sellers will be forced back into the game, and the way to $1.975 will be open.
Below $1.930 is short-term support, but if it breaks, the next zone is around $1.905.
Until short positioning is back to normal, price direction will probably be driven more by positioning gaps than fundamentals. If there is still not a lot of liquidity on either side, even small moves could quickly get out of hand.
Eyes on $1.95: it is the trigger point.
Source: https://u.today/xrp-prints-0-short-liquidations-in-rare-market-behavior-what-comes-next
