XRP Derivatives Market Records 1,447% Liquidation Imbalance Over 12 Hours

XRP's derivatives market showed a 1,447% liquidation imbalance during a 12-hour period, with long positions accounting for $1.23 million in liquidations compared to $85,580 in shorts, data show. Spot prices traded in a narrow range between $2.14 and $2.18 throughout the session, showing limited volatility despite the derivatives market stress.