XRP Shorts Take Full Hit as $1,250,000 Hourly Liquidations Create 1,250,000% Imbalance

On Saturday, Dec. 20, XRP saw an hourly derivatives liquidation of $1,250,000 that fell entirely on short positions, with long traders avoiding any forced closures. Following a drop to $1.8 on Dec. 18, the token has rebounded to $1.95 as ETF-related inflows and a broader market recovery underpin renewed bullish momentum.