XRP short sellers face 37,296% liquidation skew as price rebounds toward key $2 level

During Monday's early Asian session, XRP briefly dropped below $1.83 before sharply rebounding to around $1.896, triggering a 37,296% liquidation imbalance that heavily impacted short positions. More than $2.92 million in shorts were wiped out in 12 hours and over $3.44 million in short liquidations occurred within 24 hours, putting renewed focus on the psychological $2 zone.