$96M XRP Long Position Drops 50% as Cross-Margin Losses Near $16.5M
A trader holding a $96 million leveraged long position on XRP has lost over 50% as the token trades near $2.17, down from an entry at $2.2924. Cross-margin losses exceeding $16.5 million across multiple assets have elevated liquidation risk beyond the formal threshold of $1.3062, according to HyperDash data. The position faces potential forced closure if portfolio-wide equity continues to erode, regardless of XRP's distance from its technical liquidation price.