XRP Short Liquidations Hit $4.77 Million as Price Rises to $2.64

XRP recorded $5.95 million in derivatives liquidations over 24 hours, with short positions accounting for $4.77 million against $1.18 million from longs, data show. The token climbed from $2.57 to $2.64 on Binance as leveraged bearish traders faced forced exits. The short-to-long liquidation ratio reached 404%, diverging from more balanced patterns in Bitcoin and Ethereum during the same period.